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Project Overview
Aligned Layer is a ZK verification layer developed on top of the EigenLayer. This will enable cost-effective verification of any SNARK proof, leveraging Ethereum validators' security without the limitations of Ethereum. As an Eigen Layer AVS, it promises affordable verification and versatile proving systems for L2s and bridges, addressing critical needs in the blockchain ecosystem.
Hyperliquid Launches USDC Yield Mechanism to Buy Back and Burn HYPE
According to Digital Asset, Hyperliquid launched the AQAv2 (Aligned Quote Asset v2) mechanism on August 26, allocating a portion of the returns generated by USDC reserves on the platform toward capital accumulation, which will ultimately be directed to the Assistance Fund for secondary market repurchases and burns of HYPE to reduce its circulating supply. Under this mechanism, Circle is responsible for USDC technical deployment, while Coinbase handles reserve management; stablecoin issuers are expected to share approximately 90% of the relevant reserve returns with the protocol after deducting operating costs. Returns are accumulated on a 30-day cycle, with the initial fund transfer expected on October 3. Market estimates indicate that, based on current USDC outstanding balances and yield rates, annualized returns could reach $135 million to $160 million, although the actual repurchase scale will ultimately depend on the platform's USDC supply and reserve yields.
Hyperliquid AQAv2 Launches August 26, Expected to Add $135M–$160M in Annual HYPE Buybacks
Odaily News – Hyperliquid's native token HYPE is approaching $73. Crypto trader Pentosh1 noted that its fee burn mechanism will expand after the AQAv2 upgrade, potentially supporting continued outperformance in the next bull cycle.Since November 2024, Hyperliquid has repurchased and burned 462 million HYPE, worth approximately $1.27 billion, with about 99% of protocol fees allocated to buybacks. The platform's annualized protocol revenue currently stands at roughly $600 million to $950 million.AQAv2, or Aligned Quote Asset v2, is scheduled to begin on August 26, channeling approximately 90% of the yield generated from the platform's over $5 billion in USDC reserves into the Assistance Fund, with the first payment expected to arrive on October 3.Market observers estimate that AQAv2 could add an additional $135 million to $160 million in annual buyback volume. Coinbase and Circle—designated as Hyperliquid's official USDC fund deployment partners in May—have both committed to staking a significant amount of HYPE to help launch the mechanism. (Bitcoin.com News)
Bitget Will List Aligned (ALIGN) Spot Trading
Bitget will list Aligned (ALIGN) for spot trading. Deposits are now open, and the trading channel will open on August 21 at 3:00 AM (UTC+8).
Hyperliquid Launches USDC Yield Mechanism to Buy Back and Burn HYPE
According to Digital Asset, Hyperliquid launched the AQAv2 (Aligned Quote Asset v2) mechanism on August 26, allocating a portion of the returns generated by USDC reserves on the platform toward capital accumulation, which will ultimately be directed to the Assistance Fund for secondary market repurchases and burns of HYPE to reduce its circulating supply. Under this mechanism, Circle is responsible for USDC technical deployment, while Coinbase handles reserve management; stablecoin issuers are expected to share approximately 90% of the relevant reserve returns with the protocol after deducting operating costs. Returns are accumulated on a 30-day cycle, with the initial fund transfer expected on October 3. Market estimates indicate that, based on current USDC outstanding balances and yield rates, annualized returns could reach $135 million to $160 million, although the actual repurchase scale will ultimately depend on the platform's USDC supply and reserve yields.
Initial funds may reach $20 million; Hyperliquid AQAv2 proceeds will be used to buy back HYPE
Odaily Block News: The first proceeds from Hyperliquid's AQAv2 mechanism are expected to enter the Hyperliquid Assistance Fund on October 3. The market anticipates the initial fund size could reach approximately $20 million, which will be used to repurchase HYPE. AQAv2, or Aligned Quote Asset v2, is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins not exclusively issued by Hyperliquid—including USDC—to qualify for "Aligned" status. According to public information, AQAv2 returns the majority of stablecoin yields to the Hyperliquid ecosystem, with 90% of the proceeds allocated to the relevant mechanism and subsequently used entirely for repurchasing and burning HYPE tokens. Coinbase has been designated as the fund deployment party, with Circle responsible for technical deployment, and both parties will also stake HYPE to participate in the mechanism. Analysts estimate that this mechanism could add approximately $135 million to $160 million in annual HYPE buyback pressure.
Hyperliquid AQAv2 Launches August 26, Expected to Add $135M–$160M in Annual HYPE Buybacks
Odaily News – Hyperliquid's native token HYPE is approaching $73. Crypto trader Pentosh1 noted that its fee burn mechanism will expand after the AQAv2 upgrade, potentially supporting continued outperformance in the next bull cycle.Since November 2024, Hyperliquid has repurchased and burned 462 million HYPE, worth approximately $1.27 billion, with about 99% of protocol fees allocated to buybacks. The platform's annualized protocol revenue currently stands at roughly $600 million to $950 million.AQAv2, or Aligned Quote Asset v2, is scheduled to begin on August 26, channeling approximately 90% of the yield generated from the platform's over $5 billion in USDC reserves into the Assistance Fund, with the first payment expected to arrive on October 3.Market observers estimate that AQAv2 could add an additional $135 million to $160 million in annual buyback volume. Coinbase and Circle—designated as Hyperliquid's official USDC fund deployment partners in May—have both committed to staking a significant amount of HYPE to help launch the mechanism. (Bitcoin.com News)
Bitget Will List Aligned (ALIGN) Spot Trading
Bitget will list Aligned (ALIGN) for spot trading. Deposits are now open, and the trading channel will open on August 21 at 3:00 AM (UTC+8).
Coinbase to Support Aligned, Users Can Generate ALIGN Deposit Addresses
Odaily News: Coinbase will add support for Aligned and ALIGN. Users can now generate deposit addresses for ALIGN on Coinbase in regions where trading is supported.
CoinW Releases World Cup-Themed Brand Documentary “Raised by the Game”
CoinW, a globally leading digital asset trading platform, has released its World Cup brand documentary “Raised by the Game,” collaborating with football legend Luka Modrić. Using pivotal moments from Modrić’s career as narrative anchors, the documentary reflects how a top-tier athlete continually transcends personal limits amid challenges and competition—mirroring CoinW’s long-term commitment and persistent expansion of its global footprint throughout industry cycles. Concurrently with the documentary’s launch, the CWTC Big Match Special will officially begin at 20:00 Beijing Time on June 10. Aligned with the 2026 FIFA World Cup theme “We Are 26,” the campaign centers on the core concept “We Are the Game,” transforming market dynamics into an inclusive, gamified “Grand Match” for all participants. Users not only immerse themselves in the World Cup atmosphere through interactive experiences but also calibrate their trading strategies and discover their unique trading rhythm within real-market conditions. Disclaimer: This article is for brand information purposes only and does not constitute investment advice, financial product recommendations, or trading invitations.
Related news
Hyperliquid Launches USDC Yield Mechanism to Buy Back and Burn HYPE
According to Digital Asset, Hyperliquid launched the AQAv2 (Aligned Quote Asset v2) mechanism on August 26, allocating a portion of the returns generated by USDC reserves on the platform toward capital accumulation, which will ultimately be directed to the Assistance Fund for secondary market repurchases and burns of HYPE to reduce its circulating supply. Under this mechanism, Circle is responsible for USDC technical deployment, while Coinbase handles reserve management; stablecoin issuers are expected to share approximately 90% of the relevant reserve returns with the protocol after deducting operating costs. Returns are accumulated on a 30-day cycle, with the initial fund transfer expected on October 3. Market estimates indicate that, based on current USDC outstanding balances and yield rates, annualized returns could reach $135 million to $160 million, although the actual repurchase scale will ultimately depend on the platform's USDC supply and reserve yields.
Initial funds may reach $20 million; Hyperliquid AQAv2 proceeds will be used to buy back HYPE
Odaily Block News: The first proceeds from Hyperliquid's AQAv2 mechanism are expected to enter the Hyperliquid Assistance Fund on October 3. The market anticipates the initial fund size could reach approximately $20 million, which will be used to repurchase HYPE. AQAv2, or Aligned Quote Asset v2, is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins not exclusively issued by Hyperliquid—including USDC—to qualify for "Aligned" status. According to public information, AQAv2 returns the majority of stablecoin yields to the Hyperliquid ecosystem, with 90% of the proceeds allocated to the relevant mechanism and subsequently used entirely for repurchasing and burning HYPE tokens. Coinbase has been designated as the fund deployment party, with Circle responsible for technical deployment, and both parties will also stake HYPE to participate in the mechanism. Analysts estimate that this mechanism could add approximately $135 million to $160 million in annual HYPE buyback pressure.
Hyperliquid AQAv2 Launches August 26, Expected to Add $135M–$160M in Annual HYPE Buybacks
Odaily News – Hyperliquid's native token HYPE is approaching $73. Crypto trader Pentosh1 noted that its fee burn mechanism will expand after the AQAv2 upgrade, potentially supporting continued outperformance in the next bull cycle.Since November 2024, Hyperliquid has repurchased and burned 462 million HYPE, worth approximately $1.27 billion, with about 99% of protocol fees allocated to buybacks. The platform's annualized protocol revenue currently stands at roughly $600 million to $950 million.AQAv2, or Aligned Quote Asset v2, is scheduled to begin on August 26, channeling approximately 90% of the yield generated from the platform's over $5 billion in USDC reserves into the Assistance Fund, with the first payment expected to arrive on October 3.Market observers estimate that AQAv2 could add an additional $135 million to $160 million in annual buyback volume. Coinbase and Circle—designated as Hyperliquid's official USDC fund deployment partners in May—have both committed to staking a significant amount of HYPE to help launch the mechanism. (Bitcoin.com News)
Bitget Launchpool Project ALIGN Now Open for Participation: Stake BGB and ALIGN to Unlock 9.66 Million ALIGN
Bitget Launchpool project Aligned (ALIGN) is now open for participation, with a total reward pool of 9,666,666 ALIGN tokens. The lock-up window closes on August 27 at 11:00 (UTC+8). This round of Launchpool features two lock-up pools.
Bitget Will List Aligned (ALIGN) Spot Trading
Bitget will list Aligned (ALIGN) for spot trading. Deposits are now open, and the trading channel will open on August 21 at 3:00 AM (UTC+8).
Coinbase to Support Aligned, Users Can Generate ALIGN Deposit Addresses
Odaily News: Coinbase will add support for Aligned and ALIGN. Users can now generate deposit addresses for ALIGN on Coinbase in regions where trading is supported.