#hyperliquidusdcsupplyovertakessolana hyperliquid just took something from Solana
It’s supposed to grab people’s attention.
$6.73 billion. !!!!
This is the amount
of USDC that’s now sitting on Hyperliquid,
outpacing Solana
which has $6.72 billion.
Only Ethereum beats it. And honestly, I don’t think the “flip” itself is the craziest part.
It’s what the money does there.
This isn’t $6.7 billion
frozen in a vault and looking pretty.
It’s fuel behind one of the biggest on-chain trading engines in crypto.
USDC is collateral.
Collateral turns into liquidity.
Liquidity turns into trading volume.
Trading volume generates fees. !!
And now Hyperliquid has another mechanism
connected to this pile of dollars.
Under AQAv2, USDC treasury yield is shared with the protocol,
and the resulting payout goes to the Assistance Fund,
which uses it to buy and burn HYPE.
So think about what just happened.
Solana has $6.72 billion in USDC.
Hyperliquid has $6.73 billion in USDC
sitting inside a swap economy
built to turn liquidity into activity and fees,
and finally into buy pressure for HYPE.
And here’s where the details get fun.
#2 in USDC. What’s the weird part?
There was no need for Hyperliquid to become Solana to get here.
It’s built a completely different machine.
And now this machine has started attracting a kind of capital
that makes you wonder: how big can this machine get?
Please continue
$HYPE $SOL
It’s supposed to grab people’s attention.
$6.73 billion. !!!!
This is the amount
of USDC that’s now sitting on Hyperliquid,
outpacing Solana
which has $6.72 billion.
Only Ethereum beats it. And honestly, I don’t think the “flip” itself is the craziest part.
It’s what the money does there.
This isn’t $6.7 billion
frozen in a vault and looking pretty.
It’s fuel behind one of the biggest on-chain trading engines in crypto.
USDC is collateral.
Collateral turns into liquidity.
Liquidity turns into trading volume.
Trading volume generates fees. !!
And now Hyperliquid has another mechanism
connected to this pile of dollars.
Under AQAv2, USDC treasury yield is shared with the protocol,
and the resulting payout goes to the Assistance Fund,
which uses it to buy and burn HYPE.
So think about what just happened.
Solana has $6.72 billion in USDC.
Hyperliquid has $6.73 billion in USDC
sitting inside a swap economy
built to turn liquidity into activity and fees,
and finally into buy pressure for HYPE.
And here’s where the details get fun.
#2 in USDC. What’s the weird part?
There was no need for Hyperliquid to become Solana to get here.
It’s built a completely different machine.
And now this machine has started attracting a kind of capital
that makes you wonder: how big can this machine get?
Please continue
$HYPE $SOL
