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Locally licensed crypto platform PDAX expanded its digital asset portfolio with the addition of Hyperliquid’s native token, HYPE, and USDT on the Kaia network.
The new listings are seen to provide Filipino users with access to two blockchain ecosystems: Hyperliquid, a next-generation decentralized exchange built for high-performance trading, and Kaia, a web3 network born from the merger of Kakao’s Klaytn and LINE’s Finschia blockchains.
Hyperliquid’s HYPE Token Now on PDAX
The addition allows PDAX users to buy, sell, and trade HYPE for Philippine pesos directly through the platform without using external bridges.
“Hyperliquid’s native token powers one of the fastest, fully on-chain exchanges out there. The lightning-fast Layer 1 exchange lets you trade crypto with low fees and high speed.”
PDAX
Hyperliquid is a fully on-chain Layer 1 exchange that offers perpetual futures and spot trading with near-instant finality and minimal fees. PDAX noted that unlike most decentralized exchanges that depend on external networks, Hyperliquid is purpose-built for speed, scalability, and transparency while remaining trustless and permissionless.
Its blockchain runs on a proof-of-stake consensus and is powered by two core technologies:
- HyperEVM, a smart contract platform compatible with the Ethereum ecosystem for building decentralized applications.
- HyperCore, an ultra-fast engine capable of processing up to 200,000 orders per second for perpetual and spot markets.
HYPE serves multiple functions within the ecosystem, including governance, staking, and community incentives.Â
- With a total supply of one billion tokens, 38.88% is allocated to community initiatives such as airdrops and rewards.
PDAX Now Supports USDT on Kaia
Meanwhile, though PDAX is already offering stablecoins, the addition of USDT on the Kaia network is said to enhance stablecoin accessibility for users and businesses on the exchange.Â
“This integration allows users to send, store, and trade stablecoins faster and more affordably, while maintaining the security and reliability of the world’s most trusted digital dollar. It also connects Kaia’s growing ecosystem with real-world financial rails, enabling smoother transactions for individuals and businesses across the region.”
PDAX
Kaia is a high-performance blockchain built on Practical Byzantine Fault Tolerance (pBFT) consensus, achieving 1-second transaction finality and supporting up to 4,000 transactions per second.
Formed through the merger of Klaytn and Finschia, PDAX noted that Kaia powers an extensive web3 ecosystem integrated with KakaoTalk and LINE that serves over 250 million users across Asia.
Kaia’s stablecoin strategy focuses on three pillars:
- Stablecoin Orchestration Layer for connecting regional payment systems
- Project Unify, a stablecoin superapp developed by LINE NEXT
- K-STAR Alliance to enable compliant KRW stablecoin issuance
Use cases include:
- Cross-border payments
- DeFi participation
- Yield generation
- On-chain business settlements
In March 2025, PDAX added USDG, a U.S. dollar-backed stablecoin issued by Paxos Digital Singapore, to its trading platform.
Recent PDAX News
Recently, Codex, an Ethereum L2 blockchain platform focused on stablecoin-native payments, partnered with PDAX to streamline remittance flows into the Philippines using stablecoin technology.Â
In June, PDAX collaborated with Triple-A to enable cryptocurrency top-ups for GrabPay wallets. The partnership allows verified Grab users to convert crypto and stablecoins into Philippine pesos through PDAX.
Earlier this year, the firm also teamed up with Coinbase Wallet and Base to accelerate on-chain adoption in the Philippines, providing users with access to a self-custody wallet, decentralized finance (DeFi) applications, and faster, low-cost transactions.
This article is published on BitPinas: PDAX Adds Hyperliquid’s HYPE, USDT on Kaia
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