Hyperliquid Integrates Circle’s USDC and CCTP V2 to Boost DeFi Ecosystem
Main Idea
Hyperliquid integrates Circle’s USDC and CCTP V2 to enhance its DeFi ecosystem, capturing 70% of USDC on Arbitrum and increasing its AUM to $5.5B.
Key Points
1. Hyperliquid has captured 70% of USDC on Arbitrum, with assets under management rising from under $4B to $5.5B.
2. Circle confirmed the launch of native USDC and CCTP V2 on Hyperliquid, enabling direct use in trading and applications.
3. CCTP V2 facilitates seamless cross-chain USDC transfers without relying on third-party bridge providers.
4. Hyperliquid’s architecture combines HyperCore (high-speed trading layer) and HyperEVM (Ethereum-compatible smart contract layer) under a unified HyperBFT consensus.
5. The HYPE token traded at $43.97, up 4.07%, holding above the 50-day EMA with neutral RSI at 52.53, indicating balanced market conditions.
Description
Circle confirmed native USDC and CCTP V2 integration on Hyperliquid, supporting faster cross-chain USDC transfers. Hyperliquid captured 70% of USDC on Arbitrum, with AUM rising from under $4B to $5.5B. HYPE token traded at $43.97, holding above the 50-day EMA and showing neutral RSI near 52. Circle confirmed the upcoming launch of native USDC and CCTP V2 bridging protocol on the Hyperliquid blockchain. Hyperliquid is a high-performance blockchain that combines a native order book DEX (HyperCore)...
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