HOOK (Hooked Protocol) rose 24.24% in the last 24 hours.

Gate News Bot news, on July 3rd, according to CoinMarketCap data, as of the time of writing, HOOK (Hooked Protocol) is currently priced at 0.11 USD, with a rise of 24.24% in the last 24 hours, peaking at 0.12 USD and dropping to a low of 0.08 USD. The current market capitalization is approximately 276,000 USD, an increase of nearly 53,900 USD compared to yesterday.

Important news about HOOK recently:

1️⃣ Caldera acquires HOOK, accelerating the development of the Ethereum Layer 2 network ecosystem Caldera announces the acquisition of HOOK, which is an important strategic move focused on Ethereum Layer 2 network infrastructure. This acquisition aims to accelerate product development and build MetaLayer, which will become the largest Layer 2 network ecosystem on Ethereum. This move is expected to enhance HOOK's position in Ethereum scaling solutions and bring more application scenarios and users.

2️⃣ DeBridge launches new Hook feature to enhance cross-chain interoperability DeBridge has introduced a new Hook feature, which aims to enhance cross-chain interoperability and flexibility. This feature allows developers to insert custom logic at different stages of cross-chain transactions, enabling more complex and customized cross-chain applications. This technological advancement may attract more developers' attention and use of HOOK, thereby promoting the development of its ecosystem.

The price trend of HOOK reflects the market's positive reaction to these latest developments, particularly the acquisition news of Caldera, which may be the main factor driving the short-term price rise. However, investors should closely monitor industry dynamics and potential regulatory changes, as these factors may affect the long-term development of HOOK.

This message is not intended as investment advice; investors should be aware of market volatility risks.