PANews reported on December 16 that according to The Block, according to blockchain analysis company Spot On Chain, decentralized perpetual trading platform and Layer 1 blockchain Hyperliquid has seen a net inflow of more than $1 billion worth of USDC 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.

Meanwhile, Hyperliquid also announced on Monday that its open interest has reached an all-time high of more than $4.3 billion, indicating growing 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.