Hyperliquid Integrates Native USDC and CCTP V2 Boosting Cross-Chain Efficiency

Hyperliquid, a high-performance decentralized exchange, has confirmed the integration of native USDC and the updated Cross-Chain Transfer Protocol (CCTP) V2. This marks a significant step forward in the platform’s efforts to streamline cross-chain operations and improve capital efficiency. The integration will enable USDC to be directly issued on HyperEVM, allowing traders and developers to access and utilize the stablecoin across the platform’s applications without intermediaries. The backing of U.S. dollars and institutional on- and off-ramp services via Circle Mint reinforce the asset’s compliance and reliability for institutional users [1].

The CCTP V2 protocol introduces a burn-and-mint model that facilitates direct USDC transfers between Hyperliquid and other blockchains. This eliminates the need for wrapped or synthetic assets, reducing reliance on third-party bridges and lowering associated risks. The improved protocol also ensures seamless interoperability, which is expected to drive further adoption of USDC within the Hyperliquid ecosystem [1].

Native USDC is set to play a pivotal role in Hyperliquid’s trading environment, serving as collateral for perpetual contracts and as a quote asset in spot markets. This functionality is supported by the platform’s high-speed architecture, which unifies HyperCore and HyperEVM under a single consensus system. HyperCore is currently capable of processing up to 200,000 orders per second with block times of 0.07 seconds, offering a level of performance that is increasingly rare in the decentralized trading space [1].

Hyperliquid’s rapid growth is underscored by its dominance in the Arbitrum network, where it has captured 70% of circulating USDC. In just one month, the platform’s assets under management surged from below $4 billion to $5.5 billion, highlighting the growing appeal of its infrastructure and execution speed. This expansion positions Hyperliquid as a key player in the competitive landscape of decentralized exchanges [1].

The HYPE token has shown positive momentum following the announcement, trading at $43.97 and reflecting a 4.07% gain in a single day. The token remains above its 50-day exponential moving average (EMA) at $40.93, signaling sustained buyer interest. With a trading volume of 186.9K and a Relative Strength Index (RSI) of approximately 52, the token indicates neutral momentum and a phase of market consolidation. The recent upward movement suggests potential for further gains if liquidity continues to flow into the ecosystem [1].

Hyperliquid’s ecosystem appears to be in a period of consolidation following a recovery from March lows. The steady breakout of resistance levels indicates resilience in the token’s price action, supported by ongoing expansion in the platform’s user base and infrastructure. The integration of native USDC and the enhanced cross-chain capabilities represent structural improvements that could reinforce Hyperliquid’s growth trajectory in the months ahead [1].

Source: [1] Circle Confirms Native USDC and CCTP V2 Integration on Hyperliquid

https://cryptofrontnews.com/circle-confirms-native-usdc-and-cctp-v2-integration-on-hyperliquid/