- Blockchain network Hyperliquid has recorded over $1 billion in net inflow of USDC stablecoin since its airdrop on November 29.
- According to data from SpotOnChain, the number of USDC within the network deposit bridge doubled over the last 17 days, increasing to $2.09 billion USDC.
- The massive inflow of stablecoins into the L1 network, which is designed to facilitate cross-chain transfers, indicates growing interest in the platform.
In a substantial financial movement, the blockchain network Hyperliquid has seen over $1 billion in net inflow of USDC stablecoin since its airdrop event on November 29. The considerable increase in stablecoin accumulation within the network has not gone unnoticed.
Hyperliquid’s Significant Progress in Stablecoin Accumulation
The Hyperliquid network has made impressive strides in a short period, attracting a staggering $1 billion net inflow in USDC stablecoin. This development occurred within just three weeks following its airdrop on November 29. This dramatic increase points towards the network’s growing strength and stability.
Doubling of USDC Within Hyperliquid’s Deposit Bridge
Data from SpotOnChain reveals that the number of USDC within the network’s deposit bridge has doubled over the last 17 days. This increase has boosted the total amount to an impressive $2.09 billion USDC. This massive inflow of stablecoins into the L1 network underlines the growing confidence in Hyperliquid’s potential.
Conclusion
In conclusion, the significant net inflow of USDC stablecoin into Hyperliquid underscores the confidence of investors in the blockchain network’s future prospects. The rapid growth in the accumulation of USDC within the deposit bridge reflects positively on the network’s robustness and potential for further development.
