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With the rise of decentralized derivatives trading, USDC supply on Hyperliquid has increased to 4.9 billion coins
BlockBeats News, July 23rd, according to The Block, the supply of USDC on Hyperliquid has seen significant growth since the beginning of the year, doubling to 4.9 billion. This expansion reflects the increasing importance of decentralized perpetual contract trading platforms, with USDC being the primary settlement currency for derivatives trading on the platform.
Hyperliquid has shown strong trading momentum, processing over $150 billion in volume in just July. The platform's volume now represents 11.5% of Binance's, indicating its rapid growth as a leading on-chain perpetual contract platform.
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