With the rise of decentralized derivatives trading, the supply of USDC on Hyperliquid has grown to 4.9 billion coins.

According to BlockBeats, on July 23, The Block reported that the supply of USDC on Hyperliquid has significantly increased since the beginning of the year, doubling to 4.9 billion coins. This expansion reflects the growing importance of decentralized perpetual contract trading platforms, with USDC being the main settlement currency for derivatives trading on the platform.

Hyperliquid's trading momentum is strong, processing over $150 billion in trading volume just in July. The platform's trading volume has reached 11.5% of Binance, showing that it is rapidly growing into a leading on-chain perpetual contract platform.