Hyperliquid has seen $1 billion in net inflows of USDC since launching its Hype token

According to data disclosed by Spot On Chain, the decentralized perpetual trading platform and Layer 1 blockchain Hyperliquid has seen a net inflow of more than $1 billion worth of USDC into the chain since the launch of its native token Hype. The platform's deposit bridge currently holds more than $2.1 billion worth of USDC stablecoins. In addition, the price of Hype has soared by more than 590% since its launch. At the same time, Hyperliquid also announced on Monday that its open interest has reached an all-time high of more than $4.3 billion, indicating increasing user interest and activity. According to DefiLlama data, Hyperliquid's total locked value (TVL) has soared from $196 million on November 29 to $3.203 billion today. (The Block)