Galaxy Digital Invests $125 Million in Hyperliquid: Institutional Interest Drives DeFi Liquidity

Crypto investment firm Galaxy Digital has injected $125 million USDC into the decentralized finance platform Hyperliquid, marking a significant step towards institutional participation in DeFi. This move is expected to boost Hyperliquid’s liquidity and trading volume significantly. 0xcaC1, an address connected to Galaxy Digital, initiated these investments over the past two days and began trading various crypto assets like ETH, BTC, meme tokens HYPE, DOGE, PUMP, and FARTCOIN. Experts suggest this investment is a significant sign of growing institutional interest in DeFi, potentially influencing market dynamics for other assets such as ETH and BTC.