Hyperliquid now at $5bn of stablecoin supply. What's driving the supply increase? Ask the analyst below

Hyperliquid now at $5bn of stablecoin supply. What's driving the supply increase? Ask the analyst below

Hyperliquid has surpassed $1.2B in cumulative trading fees since its 2024 inception. At @HLglobal_, @LowBeta, Head of Research at Grayscale, broke down one reason it caught Grayscale's eye: a buy-back-and-burn model where revenue loops straight back into token value accrual. https://t.co/lUO2bIMjup

$USDC on Hyperliquid monthly transfer volume more than doubles to $45.5B in June.