Ethena Joins $5B Hyperliquid Race as Traders Eye DeepSnitch AI Presale

Ethena Labs has entered the competitive arena for issuing Hyperliquid's USDH stablecoin, joining five other contenders in a high-stakes bid for a share of the $5 billion market. The winner will anchor one of crypto's fastest-growing derivatives platforms. Meanwhile, retail traders are shifting focus to DeepSnitch AI, a presale project offering AI-driven data tools typically reserved for institutional players.

The Hyperliquid USDH race intensified as Ethena proposed backing the stablecoin entirely with BlackRock's BUIDL-linked USDtb, offering 95% reserve revenue sharing and $75 million in migration incentives. This institutional battleground contrasts sharply with retail's hunt for asymmetric opportunities—embodied by DeepSnitch AI's promise to democratize whale-grade trading intelligence.