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Hyperliquid’s TVL and HYPE Surge: A $1B USDC Inflow Drives Record Growth
Over the past week, a remarkable surge has been witnessed in the cryptocurrency market, with Bitcoin experiencing a growth of $3.09 billion and Ethereum adding $2.22 billion. However, it is Hyperliquid that has truly stolen the show, as its Total Value Locked (TVL) has grown by an astonishing $1.87 billion. This impressive growth can be attributed to significant inflows of USDC.
In just 17 days since the Token Generation Event (TGE) for HYPE on November 29, Hyperliquid has seen a staggering net inflow of $1 billion in USDC. As a result, its Deposit Bridge now holds an incredible $2.09 billion in USDC, more than doubling in value within this timeframe.
Notably, the growth momentum witnessed by Hyperliquid has been mirrored by HYPE itself, which has skyrocketed by an astonishing 746% over the same period. The increased interest from investors can be seen in open interest levels for Hyperliquid, which have reached a record-breaking $4.3 billion.
This surge in TVL and token value highlights the rising prominence of Hyperliquid within the blockchain space. The significant gains made by the platform suggest growing confidence among both individual and institutional investors in its potential.
As Hyperliquid continues to attract capital and achieve milestones, it is clear that its role in the broader crypto market will be increasingly important. With HYPE’s price soaring and TVL reaching unprecedented heights, all eyes are now on Hyperliquid to see how it sustains this trajectory in the coming months.
Source: nulltx.com
