ChainCatcher news, reported by The Block, according to data from blockchain analysis company Spot On Chain, since the launch of its native token Hype, the decentralized perpetual trading platform and Layer 1 blockchain Hyperliquid has seen over 1 billion USD in net inflow of USDC into the blockchain. The platform's deposit bridge currently holds USDC stablecoins valued at over 2.1 billion USD.

Additionally, according to data from defillama, Hyperliquid's total value locked (TVL) has surged from 196 million USD on November 29 to 3.035 billion USD today.