Summary
- Hyperliquid announced the launch of a dedicated stablecoin USDH, saying a competitive landscape with various stablecoin infrastructures such as Paxos is forming.
- Avalanche rose to second place on news that Toyota Blockchain Lab is piloting a new mobility network, drawing strong investor interest.
- Somnia continued a two-day rise, recording $1.50 as of 1:19 PM that day, up 43.89% from the previous day.

According to Kaito's Token Mindshare (Token Mindshare · an indicator that quantifies the influence of a specific token in the crypto asset market) top gainer, as of the 8th the top 5 crypto asset-related keywords that people are most interested in are Hyperliquid (HYPE), Avalanche (AVAX), USDC, Maverick (MVRK), and Somnia (SOMI).
Decentralized perpetual futures exchange Hyperliquid announced it will launch a dedicated stablecoin USDH, drawing significant attention. In particular, the process attracted interest as various stablecoin infrastructures such as Paxos, Frax, and Agora formed a competitive structure over issuance rights. USDe issuer Etena (ENA) has also hinted at joining.
Avalanche ranked second. It was reported that Toyota's blockchain lab is piloting a new mobility network model using Avalanche. Toyota appears to be exploring the possibility of connecting finance, ownership, and vehicle lifecycle services using blockchain.
Third was USDC. The issuance of USDC on Hyperliquid has drawn many investors' attention.
Fourth was Maverick, as investor mentions for Kaito Yapping Points increased.
Finally, fifth was Somnia, which recorded a notable rise for the second consecutive day. As of 1:19 PM that day Somnia had surged 43.89% from the previous day to $1.50. It intraday jumped as high as $1.80 but the gains have slightly narrowed since then.
Investors also showed interest in Bitcoin (BEC), Linea (LINEA), Black Mirror (BLACKMIRROR), Huma Finance (HUMA), and Dogecoin (DOGE).

Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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