After the launch of the HYPE token, 1 billion USDC flowed into Hyperliquid.

The total amount stored at the platform's deposit address is approximately $2.2 billion.

Since the launch of its own HYPE token, 1 billion USDT has been received at the address of the decentralized exchange Hyperliquid. This was reported by analysts from Spot On Chain.

Experts noted that the total amount stored at the platform's deposit address is around $2.2 billion — most of it in USDC stablecoins. According to them, the balance has doubled in 17 days, and the HYPE token has increased by 729% during this period, with its price at the time of writing exceeding $28. It is worth noting that the total value of locked funds (TVL) in Hyperliquid at the time of writing exceeds $3.4 billion. Recall that Hyperliquid previously conducted an airdrop of HYPE tokens. This distribution became one of the largest airdrops in the history of the crypto industry. In total, the project distributed 31% of the total supply of 1 billion HYPE tokens.

We also reported that Incrypted readers received a share in a pool worth $3.4 million in HYPE tokens as part of a promotional campaign from cp0x.