PANews December 16 news, according to The Block, blockchain analysis company Spot On Chain reports that since the launch of its native token Hype, the decentralized perpetual trading platform and Layer 1 blockchain Hyperliquid has seen a net inflow of over $1 billion in USDC into its chain. The platform's deposit bridge currently holds USDC stablecoins worth over $2.1 billion. Additionally, the price of Hype has surged over 590% since its launch.
Meanwhile, Hyperliquid also announced on Monday that its open contract volume has reached a historic high of over $4.3 billion, indicating increasing user interest and activity. According to DefiLlama data, Hyperliquid's total value locked (TVL) has skyrocketed from $196 million on November 29 to $3.203 billion today.