🐦 Arbitrum and Hyperliquid: stablecoins leave Ethereum$ARB
🔵 Arbitrum has become a leader among L2s in stablecoin volume — $6.8 billion. The majority of $USDC is concentrated on Hyperliquid, whose DEX has boosted its market capitalization to $13 billion and is collecting record fees.
🔵 Such concentration is both a plus and a risk: it's convenient for traders, but a mass exit of stablecoins could cause disruptions.
🔵 L2s are becoming a hub for DeFi and stablecoins, but Hyperliquid will have to prove its resilience — for now, everything relies on trust in the platform and liquidity.
