- Hyperliquid saw $395 million in net inflows in one day, with $304 million in USDC deposits leading the surge.
- Galaxy Digital made a $100 million USDC deposit, the largest in Hyperliquid’s history, boosting TVL to a record $5.23 billion.
- HYPE token rose 4.96% in 24 hours alongside platform growth, supported by record fee revenue and strong whale participation.
Hyperliquid’s assets under management have risen to an all-time high of $6.2 billion. The increase came after a surge of deposits in USDC and Ethereum over recent days. On August 13, the platform recorded a single-day net inflow of $395 million, marking its largest daily gain to date.
USDC accounted for the majority of the inflows, contributing $304 million in one day. Ethereum followed with $47.6 million in deposits. A significant portion came from a single $100 million USDC deposit by Galaxy Digital, which became the largest transaction in Hyperliquid’s history. Half of this amount moved to the spot market immediately, pushing USDC’s total value locked on the platform to a record $5.23 billion.
Impact of CCTP Integration
The recent growth has been supported by Circle’s integration of native USDC transfers through its Cross-Chain Transfer Protocol v2. This update enables direct USDC transfers across blockchains without wrapped tokens. As a result, Hyperliquid’s USDC liquidity on Arbitrum has expanded to 70% of the network’s total. The value rose from $4 billion in early July to $5.5 billion in August, driven by $1.2 billion in net inflows last month.
Alongside the USDC growth, Ethereum also saw strong inflows. Over $47 million entered the platform in a single day. The recent rally in ETH prices contributed to rising liquidity across DeFi markets, with Hyperliquid benefiting from the trend.
Market Share and Trading Volumes Rise
Hyperliquid’s market share in derivatives trading has grown to 22.8%, ranking third globally. The platform’s decentralized order book structure offers traders greater asset control, which has helped attract new participants. In July, DeFi perpetual futures volumes hit $465 billion, a 27% weekly increase. Hyperliquid’s open interest reached $10.6 billion, showing deeper liquidity and higher trader engagement.
HYPE Token Gains with Platform Growth
The platform’s native HYPE token has risen 4.96% in 24 hours and 23.5% over the past week. Growth drivers include record monthly fee revenue of $97.7 million, aggressive buybacks, and increased activity from large holders. This combination of liquidity expansion and strong market participation has reinforced Hyperliquid’s position in the derivatives sector.
