According to recent report: ▪️ HyperEVM native USDC: $6.93B ▪️ Base native USDC: $4.38B Since August 13, HyperEVM’s balance increased 24%, while Base grew 2.9%. Base has built a broad consumer and DeFi ecosystem. Hyperliquid is much more closely associated with trading. Yet its EVM environment is attracting a larger reported USDC balance. This challenges a familiar assumption about onchain liquidity. You don’t necessarily need to be a general-purpose chain to attract serious dollar balances.
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