Hyperliquid Receives Its First $14.58M USDC Reserve Income from the AQAv2 Treasury Wallet

iconPANews
Share
This is the logo of the coin.
HYPE
$79.40-9.16%
This is the logo of the coin.
USDC
$1.00-0.02%
AI summary iconSummary
Hyperliquid received $14.58 million in USDC in reserve income from the AQAv2 treasury wallet, establishing a new revenue stream tied to user deposits. The funds will be allocated to the HYPE token purchase aid fund. This development occurs amid ongoing Federal Reserve updates on stablecoin policies. Over nine months, Hyperliquid’s trading volume reached $2 trillion, with protocol fees totaling $493.3 million. Open interest nearly doubled to $16.4 billion. The platform continues to attract attention through new token listings and increasing on-chain activity.

PANews, October 4: Hans, co-founder of Hyperdash, posted that the AQAv2 treasury wallet has completed its first payment to Hyperliquid, paying $14.58 million for the USDC reserves held over the past 30 days. The funds will be allocated to an assistance fund to purchase HYPE. This marks a new revenue stream for the platform: earning income not only from trading fees but also from user deposits themselves, regardless of whether trading occurs. From January 1 to September 30 this year, Hyperliquid’s perpetual contract trading volume reached $2 trillion, with protocol fee income totaling $493.3 million; open interest increased from $7.72 billion to $16.4 billion.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.