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With the rise of decentralized derivatives trading, USDC supply on Hyperliquid has increased to 4.9 billion coins

2025.07.23 00:40:20

On July 23rd, as per The Block, the supply of USDC on Hyperliquid has witnessed a substantial increase since the start of the year. It has doubled to 4.9 billion. This growth reflects the escalating significance of decentralized perpetual contract trading platforms. USDC serves as the primary settlement currency for derivatives trading on this platform. Hyperliquid has demonstrated robust trading momentum. It has processed more than $150 billion in volume just in July. The platform's volume now accounts for 11.5% of Binance's, indicating its rapid expansion as a leading on-chain perpetual contract platform.
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