The SOLV ticker was auctioned for $128,000 in the Hyperliquid ticker auction.
Hyperliquid auction recorded the highest auction amount of $128,345.67 on Dec 6. Hyperliquid has been gaining exceptional traction from the industry leaders and crypto community members, with its unique functionalities. It has grown exponentially from being a small decentralized exchange to an ecosystem with a market cap of $3.92 billion. HyperBFT and its custom layer 1 network combined with compatibility can process up to 200,000 transactions per second, which is not a usual feature in crypto. Some of its noteworthy features include “Pre Markets”, “Hyperliquid Ticker Auction”, “Vaults”, etc. The Hyperliquid recorded the highest auction amount of $128,345.67 on Dec 6. SOLV ticker’s highest auction price amount, $128,000 is the major reason behind it.
Hyperliquid Ticker Auction: Innovative Token Listing Process
Hyperliquid is making industry officials and investors awed by its innovative features. The project brought a new way of listing tokens into existence with a Dutch auction of tickers. Its auction is held every 31 hours and lets users bid for ticker rights. However, some people argue this process will lead to centralization of the token listing process.
Hyperliquid Ticker Auction (Source:ASXN Data)
So far, the auction included a variety of tokens from memecoins to native token tickers of other crypto projects. As per the ASXN data, the SOLV ticker was sold for a staggering $128,000 and raised the total auction amount of the process to $128,345.67 on Dec 6. This is drawing attention from investors and leading them to suspect it might be a part of the token generation event (TGE) of Solv Protocol. GENESY, WATAR, STAR, HOLD, and RETARD tickers occupy the next top places with over $87k, $73k, $66k, $33k, and $25k prices respectively. The TRUMP token is also on the auction list with a $28,919 price. PEPE, PUMP, WAGMI, SCAM, FUN are some of the memecoins listed on the Hyperliquid Ticker Auction. Solv Protocol is a Bitcoin staking platform that aims to enhance interoperability of Bitcoin blockchain with its staking abstraction layer (SAL). With Bitcoin reaching a new ATH, shooting past the $100,000 mark, Solv protocol might prepare for a TGE with the latest SOLV ticker auction. Highlighted Crypto News Today: Ripple 400% Surge Shakes the Market, Lunex Network Pumps 200%, Solana Targets $400
