This article explores Hyperlane’s core features, growing ecosystem, the upcoming HYPER token’s airdrop and HYPER’s tokenomics.

Hyperlane is a permissionless, modular interoperability protocol designed to facilitate secure cross-chain messaging and asset transfers without relying on centralized intermediaries. It empowers developers to build custom bridges and interchain applications with unparalleled flexibility.

Hyperlane is a permissionless interoperability protocol for cross-chain communication across blockchain ecosystems. It allows 

 (DApps) to exchange arbitrary messages and transfer assets across chains seamlessly — without centralized relayers or approvals.

 (ISMs) — part of a modular system that lets developers define the way that cross-chain messages are verified, offering unmatched flexibility. It supports cross-VM communication, including EVM, SVM (Solana), and 

, making it ideal for today’s multichain and modular blockchain environments. 

Hyperlane’s architecture eliminates lock-in and promotes composability, laying the groundwork for a truly interconnected 

Hyperlane was co-founded by Jon Kol, Asa Oines and Nam Chu Hoai, all seasoned innovators with experience at corporations such as Morgan Stanley, Galaxy Digital, Celo and Google. In 2022, the protocol secured $18.5 million in seed funding, led by Variant Fund, with notable participation from Galaxy Ventures, CoinFund, Circle and Figment Capital.

The funding underscored growing institutional confidence in permissionless interoperability infrastructure. Hyperlane hasn’t conducted a public 

, but early community contributors and developers are expected to receive token rewards. 

The project’s approach mirrors LayerZero and Wormhole in incentivizing both users and integrators, with a focus on long-term decentralization.

Launched in August 2024, the Hyperlane Foundation governs the protocol as a 

 (DAO). It manages treasury grants and protocol upgrades, and ensures decentralization in the governance process. 

The foundation also introduced the Hyperlane Alliance, a collective aimed at expanding adoption and standards for intent-based messaging and cross-chain interoperability. 

Governance will be powered by the HYPER token, with voting rights extended to developers and users shaping Hyperlane’s future.

Hyperlane combines security, flexibility and scalability in a single messaging layer.

Hyperlane currently supports over 140 blockchain networks, including Ethereum, Arbitrum, Solana, Celestia, Base and Blast. Its messaging framework is used for:

Hyperlane’s integration with ABC Stack allows sovereign rollups to maintain control, while gaining seamless access to the broader blockchain ecosystem.

Hyperlane’s native token, HYPER, will officially launch on Apr 20, 2025, 

. To claim tokens, users must register by April 13 on the official website.

HYPER will play a central role in the Hyperlane ecosystem, as follows:

Based on official documentation, the total HYPER supply will be allocated as follows:

The community will receive 57%, broken down into 25.5% for expansion rewards, 20% for staking rewards and 11.5% for strategic launch provisions. Meanwhile, 25% will be allocated to core contributors, 10.9% to early backers and 7.1% to the Hyperlane Foundation.

Hyperlane’s distribution strategy prioritizes general message passing (GMP) activity over short-term engagement. To prevent airdrop farming, anti-

 mechanisms assign trust scores based on historical interaction, wallet behavior and transaction quality in order to ensure rewards go to real users who contribute meaningful value to the ecosystem.

Beginner

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Hyperlane (HYPER): Interoperability protocol connecting over 140 blockchains

In this article, Bybit Learn explores how Mind Network is pioneering fully homomorphic encryption (FHE) tech, what makes FHE different and how you can trade FHE on Bybit Spot.

Imagine a digital world where your data stays encrypted — not just during storage and transfer, but even while it's being processed. No leaks, no vulnerabilities — and no trust required. That's the future Mind Network is building with its 

Mind Network is developing the foundational cryptographic layer for a secure and decentralized internet. By enabling computations on encrypted data, it's solving critical privacy and security challenges across 

 and AI. In this article, Bybit Learn explores how Mind Network is pioneering this tech, what makes FHE different and how you can get involved with the FHE token.

 is an infrastructure project pioneering fully homomorphic encryption (FHE) for web3 and AI. Its mission is to create a fully encrypted internet where data remains private at every stage — from storage and transmission to processing.

The project tackles key challenges in decentralized environments, including data privacy, transaction confidentiality and consensus fairness. With its 

, developed by its team in collaboration with industry partners, Mind Network aims to upgrade the web from hypertext transfer protocol secure (HTTPS) to a fully privacy-first framework.

Mind Network is led by CEO Christian Pusateri, a cryptography advocate and the visionary behind CitizenZ, Mind Network's initiative for digital sovereignty in a 

The project is backed by Binance Labs, Cogitent Ventures, HashKey Capital, Animoca Brands, Chainlink and more, and has 

. Its team has also partnered with Zama Capital to 

 — a production-ready Rust-based FHE library — into real 

The project has earned two Ethereum Foundation research grants, specifically for its FHE innovations, marking it as a standout leader in post-quantum cryptographic research.

What is fully homomorphic encryption (FHE)?

FHE is a type of encryption that allows data to be processed without ever decrypting it. This means users and systems can compute directly on encrypted data, thus ensuring full privacy at every stage.

Traditional encryption requires data to be decrypted before use, exposing it to potential threats. With FHE, the data stays encrypted during processing, eliminating those risks and removing the need to trust intermediaries.

FHE is based on lattice cryptography, which was 

 in 2024 as a post-quantum encryption standard. This makes FHE inherently quantum-resistant, future-proofing it against tomorrow's security threats.

Mind Network applies FHE across its ecosystem to support secure AI operations, encrypted consensus and decentralized governance. Resulting benefits include quantum-resistant encryption, zero-trust scalability and crypto-economic integrity.

 of the Mind Network ecosystem. It's used to activate AI agents, pay for secure computation and participate in decentralized governance.

The total supply is capped at 1 billion tokens, with 41.7% allocated to the community and airdrops. As of Apr 14, 2025, its circulating supply stands at 249 million FHE.

 is currently live, with eligibility open to CitizenZ Passport holders, vFHE voters, testnet participants and more. Tokens can be claimed on MindChain or BNB Smart Chain.

, giving users a simple and secure way to buy, sell and hold the token. As a global exchange, Bybit offers a user-friendly interface, low trading fees and fast execution speeds.

Bybit is running an exciting campaign for new and existing users, lasting through Apr 24, 2025, 9AM UTC. Simply deposit and trade FHE for a chance at winning a share of 3,600,000 FHE. Head to the 

Intermediate

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Mind Network (FHE): Pioneering fully homomorphic encryption tech

Re introduces a new use case for Ethena Labs' USDe and sUSDe stablecoins, allowing users to lock them as reserve assets to support global insurers via the Resilience Foundation.

The S&P 500 futures fell after a 0.17% dip Tuesday, pressured by Nvidia's drop and U.S.-China trade tensions. Gold surged past $3,240, rising over 6.5% as safe-haven demand spiked on US-China trade tensions and falling Treasury yields. Investors are watching Powell’s speech and retail sales data for further cues. The Coindesk Indices, which tracks the broader crypto market, are down by 2.10%, with Bitcoin and Ether down by 1.06% and 2.43%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is STRK, up 5.9%, following Argent's launch of Easy Bridging to simplify self-custody on Starknet.

Starknet (STRK), founded in 2018, is a Layer 2 Ethereum solution that uses zero-knowledge rollups and STARK proofs to scale transaction processing efficiently. 

, a feature that simplifies funding its mobile wallet by allowing users to send crypto from any chain, exchange, or wallet directly into Argent on Starknet. Powered by Layerswap, the process mimics a simple transfer: pick a token and chain, copy the deposit address, and send. Layerswap bridges assets using liquidity pools, making the transition from CEXs or other wallets to Starknet fast and frictionless. With no seed phrase, 2FA, low fees, and seamless UX, Argent is making self-custody on Starknet accessible to all.

Check out the latest prices, charts, and data of 

 a new use case for Ethena Labs' USDe and sUSDe stablecoins, allowing users to lock them as reserve assets to support global insurers via the Resilience Foundation. Users can earn up to 23% APY, including 5x Ethena rewards, while their capital helps underwrite health, property, business, and climate insurance. This connects crypto-native assets to the $1T+ reinsurance market, providing additional sources of returns and contributing to real-world risk coverage. Deposits are capped at $50M, with quarterly redemptions available.

Yesterday, BTC spot ETFs saw $38.2M in net inflows, all from non-GBTC funds.

, a decentralized edge AI platform backed by NVIDIA and Forum Ventures with $15M in funding, has launched a rewards system tied to an upcoming confirmed airdrop. Users can earn points by completing simple tasks after connecting their EVM wallet and social accounts. As part of CoinMarketCap’s Accelerator Program, ByteNova aims to support low-latency, secure AI applications. Early participation is encouraged to maximize airdrop eligibility.

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Re unlocks new use case for USDe & sUSDe stablecoins, connecting crypto to the $1T+ reinsurance market

The megaphone pattern is a technical trading chart formation characterized by its distinctive diverging trendlines. Learn more about how it works here.

, everyone’s shouting from the rooftops about the next big trade to take in the ever-changing world of crypto. One such trading pattern that traders typically promote in the midst of volatility is the megaphone pattern. With its signature diverging trendlines, it’s a sign of sheer volatility and indecision for a particular asset, as traders with 

Curious as to what this entails in the grand scheme? Our guide to trading the megaphone pattern will teach you everything you need to know about what it, the various mechanics involved and the pros and cons of trading this pattern that’s come to be associated with volatility.

The megaphone pattern is a technical trading chart formation that’s characterized primarily by its distinctive diverging trendlines. 

Also known as a broadening top (or broadening formation) among experienced traders, the megaphone pattern can seem daunting to newer traders. By highlighting the way an asset is trading at higher highs and lower lows, the increasingly wide price swings effectively create a visual shape resembling an expanding megaphone. 

Unlike other trading patterns that instantly give chart analyzers an immediate gauge of directionality, megaphone patterns reflect increased market volatility and indecision as buyers and sellers battle for dominance before a breakout of the trendline causes a significant price move.

The megaphone pattern emerges as wild price fluctuations occur and widen over time, signifying growing uncertainty among traders. It can typically manifest in both bullish and bearish scenarios.

A bullish megaphone typically begins with an initial upward move setting the first peak. Prices then retrace downward, but remain above previous lows. Subsequent bullish rallies then create higher highs, while bearish pullbacks form lower lows. This creates the expanding 

 that the pattern is known for. Eventually, bulls regain control with a decisive move above the upper trendline as a breakout beyond current resistance levels. This confirms bullish momentum, and signals potential upward continuation.

On the opposing side, a bearish megaphone pattern starts with a downward move establishing an initial low. Prices then bounce upward, but fail to sustain momentum above previous highs. Successive swings create lower lows and higher highs until bears finally push prices below support levels, and prices sink beneath the lower trendline, confirming bearish conditions and potentially leading to further downward moves.

Megaphone patterns typically form either during periods of heightened market uncertainty or after significant price trends. For volatile assets such as cryptocurrency, these chart patterns frequently appear during critical market junctures that impact high-beta assets and emerge when driven by the following factors.

Now that you’re familiar with the “ins and outs” of megaphone patterns, let’s consider the benefits and risks of relying on them when planning and executing trades.

Benefits of trading the megaphone pattern

Enhanced awareness of crypto market volatility

Identifying a megaphone pattern can provide traders with a crucial early warning system for impending periods of increased market volatility. This heightened awareness supports proactive 

By recognizing the expanding price ranges, traders can anticipate sudden and significant price movements, enabling them to adjust their existing allocations, tighten 

 orders or even temporarily reduce exposure to the market. This proactive approach helps mitigate potential losses and preserve capital during periods of heightened uncertainty. Furthermore, this advanced recognition helps the trader to prepare for possible high-profit trades, instead of being surprised by the volatility.

Defined trading boundaries for strategic positioning

The diverging trendlines that form the megaphone pattern create clear and distinct support and resistance levels. These well-defined boundaries offer traders a strategic advantage, enabling them to pinpoint precise entry and exit points. Traders can utilize these levels to strategically position themselves for potential bullish breakouts or bearish reversals. By aligning trades with these key levels, traders can enhance their risk-to-reward ratios, maximizing potential profits while minimizing potential losses. 

This clarity allows for more disciplined trading decisions, reducing the impact of emotional biases while trading volatility.

The inherent volatility of megaphone patterns can certainly create opportunities for substantial gains. Wide price swings within the pattern can lead traders to to significant gains if their trades are executed with precision and timing. In highly volatile markets like crypto, these amplified price movements can translate into outsized returns. 

However, this potential for high rewards is accompanied by increased risk. Opportunistic traders can thus leverage these opportunities by employing sound risk-management strategies, such as setting appropriate stop-loss orders and managing position sizes. Potential high rewards can then be realized by correctly timing the market and maintaining the discipline needed to exit the trade.

A prominent risk associated with megaphone patterns is the occurrence of false breakouts. These misleading signals occur when prices briefly breach the trendlines, creating the illusion of a 

 only to reverse direction shortly afterward. These false breakouts can lure traders into premature trades, resulting in significant losses if not managed carefully. 

The lack of substantial volume confirmation during this type of breakout further exacerbates the risk. Therefore, traders must exercise caution and seek additional confirmation signals such as volume analysis or other 

, in order to avoid falling victim to these false signals.

Whipsaws and difficulty in risk management

The erratic and wide-ranging price swings characteristic of megaphone patterns often lead to “whipsaws,” whereby rapid and unpredictable price reversals can trigger stop-loss orders and generate unexpected losses. The volatile nature of these patterns makes it challenging to establish reliable stop-loss (SL) and 

Moreover, the expanding volatility ranges within the pattern require traders to adopt a more flexible approach to risk management, potentially widening their stop-loss orders to accommodate the increased price fluctuations. Conversely, this increased range also increases the potential loss per trade — so risk management is of key importance.

 and other chart patterns, the megaphone pattern can be subjective in its overall identification. This inherent subjectivity stems from varying trendline interpretations, differing time frame analyses, market-specific nuances and psychological biases. Such a combination of subjective factors makes its identification and analysis a complex and potentially contentious process. 

The lack of a universal definition — combined with the difficulty of distinguishing signal from noise during periods of high volatility — poses a significant challenge for those unfamiliar with trading megaphone patterns. As such, inexperienced traders need to 

 prior to trading the megaphone pattern, in order to minimize the risk of misinterpretation and subsequent financial losses.

Traders typically employ several practical strategies when approaching the megaphone pattern in the crypto space. The following are some suggestions when it comes to trading it.

Always implement disciplined risk management practices by setting strategic SL and TP orders based on measured moves within clearly defined boundaries.

Tools and indicators to complement the megaphone pattern

You may have noticed that we’ve suggested making use of MACD and RSI indicators to confirm the price action of any potential breakout. These handy technical tools in your arsenal may help enhance entry and exit accuracy when trading megaphone patterns.

All in all, incorporating these indicators is bound to significantly improve your decision-making accuracy by validating potential trade signals and ensuring you make the most informed trading decision.

Is the megaphone pattern an effective gauge?

Overall, the megaphone pattern serves as an effective tool for beginners and experienced traders alike — provided that the volatile trading pattern is approached cautiously with disciplined risk management practices. While it does offer clear signals regarding market volatility and potential breakouts, trading it can be another story, since its effectiveness heavily depends upon accurate recognition, combined with strategic positioning using complementary indicators.

Compared to other popular chart formations such as channels, the megaphone pattern uniquely highlights expanding volatility, rather than narrowing ranges or sideways movements. Thus, traders seeking opportunities amidst heightened uncertainty may find analyzing megaphones particularly beneficial.

The megaphone pattern offers powerful insights into crypto market volatility through its distinctive widening structure that signals intense trader indecision around critical junctures. By clearly understanding its mechanics, taking into account bullish and bearish megaphone variations and complementing analysis with robust indicators (such as volume analysis or momentum oscillators), crypto traders may increase their odds of confidently navigating volatile markets safely. 

On top of doing research about the megaphone pattern, crypto traders should exercise caution by using strict risk management practices such as precise SL/TP placements to protect their trading capital.

Mastering how to decode volatility signals through careful analysis of intriguing megaphone patterns not only equips you with enhanced technical skills, but also fosters prudent decision-making — which is essential for long-term success in cryptocurrency trading. For more on trading similar volatile chart patterns, please check out more of our 

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Megaphone pattern: Decoding volatility signals in crypto markets

Bybit Learn

DeFi

Explainers

Altcoins

Aark is a decentralized exchange (DEX) that offers leverage opportunities to both amateur and institutional investors. Learn more about it here.

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 is a high-end investment strategy that was originally available only to institutional investors. However, the growth of the 

 landscape has allowed retail investors to take advantage of advanced trading solutions. Services such as Aark allow investors to borrow funds and take advantage of bullish market trends with ease. How does Aark bolster liquidity for so many investors without putting its assets at risk? Explore this guide to see how Aark's design offers unparalleled high-leverage trading to everyone.

) that offers leverage opportunities to both amateur and institutional investors. It’s the first DEX to allow for complete leverage while amplifying yields on staked Ethereum. Aark also prides itself on its low slippage rates and lack of gas fees.

Aark was founded by a pseudonymous developer known as 

, who’s been working in the DeFi landscape since 2016 and has worked with hedge funds, 

, Ethereum mining and more. During their years of interacting with crypto trading, Eden realized there was a need for more trader-friendly exchanges, and designed Aark to provide a full suite of services for traders with technology that provides the best possible rates for leveraged trading. Since Aark's founding in 2023, it has secured over $6 million in funding from Cypher Capital and other venture capitalists interested in the on-chain 

. The Aark team noticed that many leading perpetual DEXs struggled to provide a resilient, transparent decentralized trading infrastructure. They hope to create an exchange that hearkens back to the original principles of decentralization. Aark's goals are to create an exchange that serves users fairly, prioritizes user autonomy and provides unparalleled security and service. 

The basic structure of Aark starts with a giant 

. Unlike many other exchanges, which have separate liquidity pools for each type of asset, Aark bundles all loaned assets into a single pool. Aark even allows lenders to include 

 (LRTs) and liquidity provider tokens from other exchanges. LRT liquidity integration and other features on Aark are managed through the 

 network and its own proprietary set of algorithms.

This broad pool of liquidity for leveraged trading is protected through two mechanisms. 

First, an insurance fund covers extreme losses due to high amounts of liquidation. Funds in the insurance pool are provided by users, but they’re locked for long periods of time so market fluctuations can’t result in drastic losses. 

Aark also uses a reflective market maker that automatically seeks 

 opportunities. When users make a leveraged trade in one position, the market makers are capable of taking the opposition position to hedge the trade and ensure profit is achieved no matter the outcome. 

Aark's innovative exchange model consists of multiple features for traders to try.

The main feature driving Aark's significant market growth is its perpetual DEX. This type of exchange uses 

 trading without any intermediary. Perpetual DEXs surpass other trading methods because they provide 24/7 trading without high fees. Depending upon the trading mode, users only have to pay between 0.01% and 0.05% in trading fees on Aark. Its perpetual DEX also offers high-leverage trading opportunities. By leveraging LRT assets and other forms of crypto, traders can temporarily bolster liquidity and make even larger trades. 

AALP is the Aark liquidity-providing service. Users can deposit any asset they want into AALP, and over time, they'll earn yields. AALP is somewhat unique in the fact that it lets users provide liquidity in the form of any asset. People can even start leveraging LRT assets from other leveraged trading services. This flexible service also allows users to specify the size of their position, and to decide exactly how they want to set up their liquidity provider account.

Earn provides an option to receive rewards from staking. Stakers can choose to temporarily lock their tokens and help secure the network, in exchange for which they earn a variety of rewards, worth from 

. Users can also claim more tokens in various airdrops. Depending upon the form of staking you choose, you can unlock your tokens at any time or wait a longer amount of time for your tokens to vest.

To help accelerate LRT liquidity integration, Aark has a program to help get more new users into their system. Users can refer their friends and acquaintances to the Aark system. Once your referred users start trading on Aark, you earn rewards and rebates.

Another way that Aark is boosting LRT liquidity integration is through its classic trading competition. To get more people trading on the platform and adding liquidity to their pools, Aark hosts regular tournaments in which people compete to see who has the highest trading volume. The biggest traders earn exciting rewards worth between 

Aark's journey began with attracting investment funding from Cypher Capital, and launching a testnet on which users could experiment with Aark’s exchange. Since then, Aark has expanded its ecosystem with advanced trading solutions and the release of the AARK token.

 is focused on providing more useful features for perpetual traders to try. It hopes to launch a mobile trading app, create customized chats and release more trading pairs. Developers witnessing Aark's continued growth also point out plans to include multichain support, integration with more DApps and more staking services.

 for Aark's unparalleled high-leverage trading system. Built on the Arbitrum network, it's a standard 

 token. AARK’s total supply is 1 billion tokens, and its initial liquid supply is 44 million. The token will be allocated according to the following plan:

Since debuting in June 2024, AARK's price has declined slowly yet steadily. Having initially sold for 

, prices have plummeted to about $0.02. Despite this drop in price, significant market growth is possible. Some investors believe that the coin is undervalued, and may end up rising in price soon as more traders become interested in the on-chain derivatives industry. CoinCodex predicts that AARK will remain bearish until July 2024, when bullish market trends may take over. CoinCodex reports that prices 

Looking to trade Aark tokens? Bybit now offers the AARK/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, fund it with cryptocurrency and navigate to the 

Witnessing Aark's continued growth, this token looks like a somewhat intriguing opportunity. Though AARK prices have declined lately, Aark has done a decent job of getting people interested in its high leverage trading and attracting investment funding. Some industry experts believe perpetual DEXs surpass other types of trading, and may even be the future of the crypto industry. This could eventually lead to some bullish market trends that might make AARK appeal to certain investors. If you like underrated coins with growth potential, AARK is worth exploring.

Aark's innovative exchange model bodes well for its project. Nevertheless, although it's introducing DeFi innovations, it may struggle to stand out from the leading perpetual DEXs. Other potential red flags include a large percentage of coins being given to team members and investors, a 

 that greatly inflated token numbers and the lack of a detailed white paper showcasing Aark's supposed technical advancements. Unless Aark can successfully release all of the features that would help it differentiate itself from other exchanges, AARK may not experience sustained growth. Any investors choosing to purchase AARK need to 

Aark's goal of appealing to perpetual traders and introducing DeFi innovations has resulted in plenty of interest from the DeFi community. This exchange does some very unique things, such as providing scalable liquidity and offering yields on staked tokens. However, the project is struggling to turn its industry hype into a profitable crypto token. Only time will tell whether the AARK token can recover and investors can start capitalizing on the Aark project's promise.

Aark (AARK): Advancing Perpetual Trading With Full Leverage

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards