CMC: Hyperliquid Hits $1.57T as Stablecoins, RWAs Surge in Q2 2025
Main Idea
CoinMarketCap's Q2 2025 report highlights significant growth in real-world assets (RWAs), stablecoins, and trading platforms, with USD1, USDT, and Hyperliquid showing notable performance.
Key Points
1. USD1's market cap surged from $57 million to $2.2 billion due to its Binance listing, a $2 billion investment from MGX, and strong trading activity on PancakeSwap.
2. USDT's market cap increased by $14.1 billion, while USDC and PYUSD also saw gains, with USDC boosted by Circle's IPO and PYUSD growing by 28.5%.
3. Tokenized assets were dominated by private credit (58%) and U.S. treasuries ($7.38 billion), with BlackRock's BUIDL fund capturing nearly 39% of the treasury market.
4. Hyperliquid achieved $1.57 trillion in trading volume over 12 months, with $648 billion in Q2 alone, capturing over 60% of the perpetual DEX market.
5. U.S. user share on CoinMarketCap rose from 18.9% to 21.7%, driven by spot Bitcoin ETF developments and a shift from meme coins to foundational sectors like RWAs and stablecoins.
Description
CoinMarketCap’s Q2 2025 report has revealed a shift in the crypto landscape, with market interest moving away from hype-driven tokens toward core infrastructure. Meme coin and AI token activity has slowed down, while attention turned to stablecoins, real-world assets (RWAs), payments, and platforms like Hyperliquid. A Shift Toward Fundamentals The research shows stablecoins recorded a combined market cap of $247.9 billion. USD1 experienced the biggest jump, rising from $57 million to $2.2 billio...
Latest News
- BTC Hits New ATH, ETH Pushes Higher as Trump-Putin Meeting Grabs Spotlight: Your Weekly Crypto Recap2025-08-15 13:29:41
- Will Bitcoin’s Next Move Be Explosive? Here’s What the Data Says2025-08-15 12:43:57
- Arthur Hayes on the Move Again: Here’s What He Bought Today2025-08-15 12:26:26
- Has XRP’s Bull Run Just Begun or Is the Top Already In? AI Models Predict 2025 Peak Price2025-08-15 11:31:55
- Ethereum Exit Queue Heating up Again: 808,880 ETH Worth $3.7B Held Up2025-08-15 10:43:15