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

By: theblockbeats.news|2025/07/22 16:41:53

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.

Previous reports in Shanghai about TreeGraph and the worlds mainstream public chains building a cross-chain bridge are no longer accessible, and CFX fell 10% in a short period of time.In the past 24 hours, there has been a total of $541 million in liquidations across the network, with the majority coming from long positions.

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

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