Hyperion completed the CEX Alpha IDO, quickly achieving a valuation of 20 million USD as the first project with a Bonding Curve model.

On July 16, the leading DEX protocol in the Aptos ecosystem, Hyperion, has officially completed the Initial DEX Offering (IDO) of its platform token RION. This IDO took place on the CEX Alpha platform, which is the first project on the platform to adopt the Bonding Curve dynamic pricing mechanism, reaching a $20 million FDV cap in just one minute, demonstrating extremely high enthusiasm and market consensus. RION will serve as one of the core tokens of the Hyperion platform, supporting the operation of payment settlement and other modules, and can be exchanged for ecological governance and incentive token xRION, unlocking multiple rights such as governance, staking reward bonuses, and Launchpad allocations. It is reported that since Hyperion went live on the Mainnet, it has become a leading decentralized trading platform in terms of volume and TVL on Aptos. This IDO marks the official launch of its token economic system and brings a more mature liquidity and governance mechanism to Aptos DeFi.