Hyperliquid USDC deposits double since the beginning of the year, surpassing $4.9 billion

JH Kim

Summary

It was reported that USDC deposits on Hyperliquid have doubled since the start of the year, surpassing $4.9 billion.
Hyperliquid has stated that it has adopted USDC as the main stablecoin instead of Tether (USDT).
It was noted that in July, the trading volume on the Hyperliquid platform exceeded $150 billion.

According to The Block, a media outlet specializing in digital assets (cryptocurrency), as of the 22nd (local time), USDC deposits on the decentralized perpetual futures exchange (DEX) Hyperliquid (HYPE) have more than doubled since the beginning of the year, reaching $4.9 billion.

Hyperliquid has adopted USDC as its primary stablecoin instead of Tether (USDT), and in July, the trading volume on the platform reportedly surpassed $150 billion.