Coin Researches — Hyperlanes (HYPER) — 18 December 2025

TL;DR

• Idea: Hyperlane is an open-source permissionless interoperability layer enabling secure cross-chain messaging across 170+ blockchains via customizable security modules.
• Catalyst: Coinbase listing on December 10, 2025 boosted visibility, liquidity, and retail/institutional access to HYPER.
• Risks: High competition from other interoperability protocols, security vulnerabilities in cross-chain messaging, and reliance on relayer networks may impact adoption and stability.
• Score: 7.00/ 10

Coin

• Name/ Ticker: Hyperlane (HYPER)
• Segment: Interoperability
• Status: active
• Price: $0.125200

Key Metrics

• Market Cap: $26 641 475
• FDV: $100 719 552
• Circulating Supply: 212 843 550
• Total Supply: 804 666 667

Sources

1. https://www.coingecko.com/en/coins/hyperlane
2. https://coinmarketcap.com/currencies/hyperlane/

Technology

• USP: Permissionless interchain messaging across any blockchain with modular security and no implementation fees
• Core Technology: Smart-contract mailbox architecture with pluggable Interchain Security Modules (ISMs) enabling authenticated cross-chain data and asset transfers

Roadmap

• 2024-10-03: Starknet Expansion: CairoVM Support
• 2024-11-06: Support for ZKsync Era ZK VM
• 2025-04-09: Cosmos SDK Mainnet Launch
• 2025-05-19: Modular Integration with Celestia Lotus Upgrade
• 2025-06-17: Introducing Hyperlane-MCP for Interchain AI Agents

Team & Investors

Team

• Co-Founder & CEO — Jon Kol: Former head of Galaxy’s venture investment business
• Co-Founder — Asa Oines: Early blockchain engineer at Celo
• Co-Founder — Nam Chu Hoai: Early blockchain engineer at Celo

Investors

• Variant Fund — seed • 2022-09-22 • $18.50M
• Hack VC — series_a • 2025-04-23
• Galaxy Digital — seed • 2022-09-22
• CoinFund — seed • 2022-09-22
• Kraken Ventures — seed • 2022-09-22

Total funding: $18.50M

Tokenomics

• Utility: Covers messaging fees, incentivizes network participation, and enables governance voting
• Vesting: 43% of tokens reserved for team, investors, and foundation vest linearly over 12 months
• Next Unlock: (0.00% of circulating)

Pros & Cons

Strengths

• Permissionless interoperability across 170+ chains
• Modular and customizable security framework
• Open-source with no integration fees
• Multi-VM support (EVM, SVM, CairoVM, ZKsync VM, Cosmos SDK)
• Backed by leading crypto funds (Variant Fund, Galaxy Digital)

Weaknesses

• Strong competition from LayerZero, Wormhole, and other interop protocols
• Security risks inherent to cross-chain messaging and bridge exploits
• Reliance on decentralized relayers for message delivery
• Limited standalone token utility beyond fees and governance
• Adoption dependent on developer ecosystem growth and network effects

Price Scenarios (target: 2026-06-18)

• Bear: $0.050000 — Assumes 60% drawdown from current price due to market downturn
• Base: $0.150000 — Projects 20% appreciation from current price driven by steady adoption
• Bull: $0.300000 — Assumes 140% upside from broad ecosystem integrations and further exchange listings

How to Buy & Store

CEX

• Coinbase
• Binance
• Kraken
• KuCoin
• MEXC

DEX

• Uniswap
• SushiSwap
• Balancer
• 1inch
• Curve

Storage

• MetaMask
• Trust Wallet
• Ledger Nano
• Trezor
• Coinbase Wallet

Verdict

Hyperlane’s robust open-source interoperability framework and recent Coinbase listing position it for growth, though it faces competitive and security risks typical of cross-chain solutions.

Official Links

• Whitepaper
• GitHub
• Messari