Hyperliquid has seen $1 billion in net USDC inflows into its network since launching the Hype token

PANews reported on December 16 that according to The Block, according to blockchain analysis company Spot On Chain, decentralized perpetual trading platform and Layer 1 blockchain Hyperliquid has seen a net inflow of more than $1 billion worth of USDC since the launch of its native token Hype. The platform's deposit bridge currently holds more than $2.1 billion worth of USDC stablecoins. In addition, the price of Hype has soared by more than 590% since its launch.

Meanwhile, Hyperliquid also announced on Monday that its open interest has reached an all-time high of more than $4.3 billion, indicating growing user interest and activity. According to DefiLlama data, Hyperliquid's total locked value (TVL) has soared from $196 million on November 29 to $3.203 billion today.