According to Tom Wan, Head of Data at Entropy Advisors, Hyperliquid has moved approximately $5.4 billion USDC from its Arbitrum bridge to HyperEVM, making Hyperliquid the third-largest blockchain network by USDC supply, surpassing Base. About 87% of that USDC is held in a single Coinbase wallet. However, Tom Wan noted that this USDC was originally only used as collateral for Hyperliquid's cross-chain bridge, not as Arbitrum DeFi liquidity, so the native USDC on Arbitrum still stands at around $2.6 billion, maintaining its top-five position.

HYPE-1.09%
ARB-5.22%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned