Hyperliquid's HYPE token launch has seen an unprecedented surge in USDC inflows, driving its Total Value Locked (TVL) to $3.4 billion. The platform's native token has also experienced a significant price increase, reflecting strong investor confidence.
Hype rliquid’s HYPE token launch sparked $1 billion in USDC inflows, driving its Total Value Locked to $3.4 billion. Investor confidence and platform activity continue to surge. This influx has driven the platform’s Total Value Locked (TVL) to an impressive $3.4 billion, signaling strong investor engagement and renewed ecosystem momentum. The network has witnessed a significant inflow of over $1 billion worth of USDC since the launch of its native token, HYPE , according to data.
The token generation event (TGE) marked a pivotal moment for the platform, driving unprecedented growth in deposits. Currently, the Hyperliquid network holds approximately $2.2 billion USDC, nearly doubling its pre-TGE levels. While Hyperliquid’s bridge holds other assets, USDC dominates its reserves, comprising almost 100% of the total deposits. Ethereum, the second-largest asset on the platform, remains far behind with a value of less than $400. This stark disparity highlights USDC’s role as the primary asset driving liquidity on the chain. Hyperliquid’s Total Value Locked (TVL) has experienced a remarkable surge, reflecting increased platform activity following the HYPE token launch. Data from this dramatic growth aligns closely with the HYPE TGE and subsequent listings on various exchanges, signaling strong investor engagement and renewed interest in the Hyperliquid ecosystem. The token has demonstrated impressive performance, trading at $28.48 after a 4.47% increase in the last 24 hours. This price surge mirrors the influx of USDC into the network, reinforcing the token’s growing demand. HYPE has climbed from $10 to $28 within weeks, breaking through key resistance levels and indicating strong investor confidence. The current uptrend suggests sustained bullish momentum; however, the rapid ascent raises concerns about potential overheating
CRYPTO HYPERLIQUID HYPE USDC TOTAL VALUE LOCKED
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