Hyperbridge Relaunches Cross-Chain Interoperability Protocol and Introduces OFT Adapter, Completes Decentralized Architecture Upgrade

June 15 — Cross-chain interoperability protocol Hyperbridge announced it’s completed a full architectural overhaul, wrapping up a process that includes a security audit, bug bounty program, and system refactoring before relaunching as a "Hyperstructure" to boost cross-chain interoperability. The protocol was suspended back on April 13 following a security incident. During the downtime, the team partnered with SRLabs and other institutions for a joint audit, and paid out over $150,000 in bug bounties to security researchers. A core update: it removed the old centralized management key, shifting to a fully permissionless network of validators and verifiers to achieve full-stack decentralization. This reboot also introduces the new Hyper Fungible Token (HFT) standard, letting each cross-chain asset function as an independent application layer structure. Issuers have full control over cross-chain behavior rules, such as pause mechanisms and rate-limiting strategies. Hyperbridge also launched the Omnichain Fungible Token (OFT) adapter, compatible with existing cross-chain protocols like LayerZero. Migrating assets to its zero-knowledge proof-based transport layer only requires adjusting configuration parameters—no need to redeploy contracts. On the business front, Hyperbridge switched its model from pay-per-use to a subscription plan: cross-chain applications pay a monthly stablecoin fee (ranging from $50 to $1,000) to access bandwidth services. The official statement notes this upgrade marks Hyperbridge’s transition from an early cross-chain bridge project to a fully decentralized infrastructure protocol. Its goal is to build a trustless, intermediary-free unified interoperability layer for the multi-chain ecosystem.