Hyperbridge restarts the cross-chain interoperability protocol and launches the OFT adapter, completing the decentralized architecture upgrade
Hyperbridge Cross-Chain Interoperability Protocol Hyperbridge announced the completion of a comprehensive architecture reboot, re-launching after completing security audits, bug bounty incentives, and system reconstruction, and officially transforming into a "hyperstructure." The protocol was suspended after the security incident on April 13, during which it completed a joint audit with organizations such as SRLabs and paid over $150,000 in bounties to security researchers.
The team stated that this upgrade removed the original centralized management keys, transitioning to a fully permissionless network of validators and provers, achieving full-stack decentralized operation.
This reboot also introduced the "Hyper Fungible Token (HFT)" standard, making each cross-chain asset an independent application layer structure, with issuers autonomously controlling cross-chain behavior rules, including pause mechanisms and throttling strategies. Hyperbridge also released the OFT (Omnichain Fungible Token) adapter, which is compatible with existing cross-chain protocols like LayerZero, allowing assets to be migrated to a zero-knowledge proof-based transport layer by simply modifying configuration parameters, without the need to redeploy contracts.
In addition, the protocol's business model has shifted from a pay-per-use model to a subscription model, allowing cross-chain applications to pay a stablecoin fee of $50 to $1,000 per month for bandwidth services. The official statement indicated that this upgrade marks Hyperbridge's transition from an early cross-chain bridge project to a fully decentralized infrastructure protocol, aiming to provide a unified interoperability layer for a multi-chain ecosystem without the need for trusted intermediaries.
-- Price
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