HyperLiquid, a decentralized perpetual futures exchange, has experienced significant growth in 2024. According to a report by The Block, the platform's USDC deposits have more than doubled since the beginning of the year, now standing at a robust $4.9 billion. This surge in USDC usage highlights HyperLiquid's preference for the stablecoin over USDT as the primary settlement asset. This preference likely stems from USDC's perceived transparency and regulatory compliance. Furthermore, HyperLiquid's trading volume has been impressive, exceeding $150 billion in July alone. This substantial trading activity, coupled with the increasing USDC deposits, indicates a growing adoption of HyperLiquid as a platform for leveraged trading within the DeFi space. This positions HyperLiquid as a key player in the evolving decentralized finance landscape. ```

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