Ethena Exits USDH Race on Hyperliquid, Native Markets Takes Lead

Ethena’s withdrawal from the Hyperliquid USDH race clears the way for Native Markets to become the leading contender. The community-driven process saw Ethena facing concerns about its lack of native Hyperliquid project status. Native Markets now boasts a 92% chance of winning according to Polymarket prediction polls, with Paxos in second place at around 7%. )