Layer-2 HashKey Chain Mainnet, HSK Token Surges 50%

Key Points:

• HashKey Chain mainnet is now live, offering a high-performance and compliant platform for decentralized applications.
• HSK token, central to the HashKey ecosystem, continues to gain momentum with over 50% growth in the past week.

HashKey Chain mainnet marks a significant milestone in blockchain development, providing a robust and compliant platform for Web3 innovation in Hong Kong.

HashKey Chain Mainnet Goes Live After Successful Testnet Milestones

HashKey Group, a Hong Kong-based regulated digital asset financial services provider, has officially launched the mainnet for its Ethereum Layer-2 solution, HashKey Chain, just eight months after announcing its development plans.

During the testnet phase starting November 11, HashKey Chain achieved nearly 25 million transactions, registered over 860,000 wallet addresses, and demonstrated speeds of up to 400 transactions per second. The testnet saw 50 projects deployed successfully, with active participation from 300,000 community members.

To further support developers, HashKey Chain introduced a $50 million grant program, providing funding, technical guidance, collaboration opportunities, and invitations to hackathons.

Read more: Binance Alpha Announced 10 Hot Projects That Could Be Listed

HashKey Chain Joins Ethereum’s Superchain with HSK Token at the Core

Following in the footsteps of Base by Coinbase and Ink by Kraken, HashKey Chain integrates into Ethereum’s Superchain—a network of interoperable Layer-2 blockchains built using Optimism’s OP Stack. This integration allows seamless communication and scalability across networks.

HashKey Chain’s native token, HSK, plays a pivotal role across HashKey Group’s ecosystem, including HashKey Exchange, HashKey Global, HashKey Capital, HashKey Cloud, HashKey Tokenisation, HashKey NFT, and now the HashKey Chain.

HSK is already listed on multiple crypto exchanges, enabling holders to participate in governance and decision-making within the HashKey Chain ecosystem.

HashKey Group Strengthens Crypto Presence with ETFs and HSK Surge

Beyond HashKey Chain mainnet, HashKey Group collaborates with Bosera Asset Management as one of the first issuers of spot Bitcoin and Ethereum ETFs in Hong Kong. Since their launch in April, HashKey’s Bitcoin spot ETF has attracted over $70 million in net inflows, while the Ethereum spot ETF has garnered more than $18 million.

While Hong Kong remains the only region in Asia to list spot crypto ETFs, these figures are modest compared to the billions flowing into U.S. counterparts. Still, the ETFs’ performance aligns with local equity benchmarks, according to industry experts.

Meanwhile, the HSK token has surged, recording a 12% increase in the past 24 hours and over 50% growth in the last seven days, further solidifying its role as a key asset in the HashKey ecosystem.