Summary
- Unfolded stated that the market capitalization of USDC issued on the Arbitrum network has reached $5.2 billion.
- They also mentioned that 70% of the issued USDC is being used on the decentralized perpetual futures exchange (DEX) Hyperliquid (HYPE).
- Arbitrum (ARB) is trading at $0.3358, up 2.57% compared to 24 hours ago.
USDC, issued on the Arbitrum (ARB) network, has reportedly approached a market cap of $5.2 billion.
On the 16th (local time), Unfolded announced via X (formerly Twitter), “USDC issued on the Arbitrum network has reached a market capitalization of $5.2 billion.” They further stated, “70% of the issued USDC is utilized on the decentralized perpetual futures exchange (DEX) Hyperliquid (HYPE).”
As of 8:15 PM, Arbitrum is trading at $0.3358 on the Binance USDT market, marking a 2.57% increase compared to 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![Did it crash because of Trump?…The 'real reason' Bitcoin collapsed [Hankyung Koala]](https://media.bloomingbit.io/PROD/news/d8b4373a-6d9d-4fb9-8249-c3c80bbf2388.webp?w=250)
