Ethereum News Today: Hyperliquid AUM Surpasses $6.2B as USDC and ETH Inflows Drive Hype Token Gains

Hyperliquid’s assets under management (AUM) surged past $6.2 billion on August 13, fueled by record inflows of USDC and Ethereum. The platform recorded a single-day net inflow of $395 million, with $304 million in USDC and $47.6 million in ETH contributing most of the volume [1]. This significant inflow was driven by both retail and institutional participants, with a notable $100 million USDC deposit from Galaxy Digital marking the largest transaction in Hyperliquid’s history [2]. Half of that amount was immediately transferred to the spot market, pushing USDC’s total value locked (TVL) to a record $5.23 billion [4].

The surge in USDC liquidity coincided with the recent integration of native USDC transfers via Circle’s Cross-Chain Transfer Protocol v2. This update enables direct cross-chain USDC movements without wrapped tokens, improving efficiency and reducing friction [3]. As a result, Hyperliquid has captured 70% of USDC liquidity on Arbitrum, with the platform’s USDC holdings growing from $4 billion in early July to $5.5 billion in August [5]. USDC inflows alone contributed $1.2 billion in net additions in July, boosting the platform’s AUM by $1.5 billion during the month [6].

Ethereum also played a key role in Hyperliquid’s liquidity expansion, with over $47 million in ETH deposited on a single day [7]. This followed a broader ETH price rally, which helped drive increased liquidity into decentralized finance (DeFi) platforms. The platform’s rising AUM was mirrored in the performance of its native token, HYPE, which gained 4.96% in 24 hours and 23.5% over the past week [8]. The growth was supported by record monthly fee revenue of $97.7 million, aggressive token buybacks, and increased activity from large whale investors [9].

Crypto analyst Ansem noted that Hyperliquid has consistently hit all-time highs in key metrics, including market share, open interest, and trading volumes [10]. As of August, the platform controls 22.8% of the global derivatives exchange market, ranking it third globally. Its decentralized order-book structure and strong liquidity position have attracted traders seeking greater control over their assets compared to centralized platforms [11]. The platform’s open interest reached $10.6 billion in July, reflecting deeper liquidity and heightened engagement [12].

The surge in AUM also contributed to historic levels of DeFi perpetual futures trading volumes. In July, DeFi perp trading hit $465 billion, a 27% increase from the prior week [13]. Analysts suggest that continued buybacks could further reduce the supply of HYPE tokens, potentially supporting sustained price momentum [14].

Source:

[1] title1.............................(https://coingape.com/hyperliquid-aum-surpasses-6-2b-amid-usdc-and-eth-inflows-hype-surges/)

[2] title2.............................(https://x.com/Crypto_TownHall/status/1955955058576687340)

[3] title3.............................(https://www.ainvest.com/news/hyperliquid-hits-29-billion-volume-hype-rises-19-48-57-2508/)

[6] title6.............................(https://www.coingabbar.com/en/crypto-currency-news/hyperliquid-price-analysis-aum-record-fuels-hype-ath?srsltid=AfmBOorL_S9Ci3sKX3lvfHxVHItOaw7Ee0_oJuQ3ftDZTk0I3O1bJUNv)