Hyperliquid AUM Surpasses $6.2B Amid USDC and ETH Inflows, HYPE Surges

Hyperliquid’s AUM has hit a record $6.2 billion, fueled by large inflows of USDC and ETH over the past days. As a result, the HYPE price recorded gains near 5%.

Hyperliquid AUM Hits Record $6 Billion Mark

According to Dune data, Hyperliquid’s AUM crossed the $6 billion mark due to recent inflows from USDC and Ethereum on the platform. The derivatives exchange hit this tmark for the first time on August 13, after recording a single-day net inflow of $395 million. The day’s gains were driven primarily by $304 million in USDC deposits and roughly $47.6 million in ETH.

A notable transaction was when Galaxy Digital moved $100 million USDC into Hyperliquid, marking the most significant single deposit in the platform’s history. Half of that was immediately transferred to the Hyperliquid spot market, pushing the platform’s USDC total value locked (TVL) to an all-time high of $5.23 billion.

The boost comes just weeks after Circle announced native USDC support for Hyperliquid via its Cross-Chain Transfer Protocol (CCTP v2). This integration allows direct transfers of USDC between blockchains without relying on wrapped tokens.

Hyperliquid’s USDC momentum has been building consistently. The platform now controls 70% of USDC liquidity on Arbitrum, up from $4 billion in early July to $5.5 billion by August. USDC was the dominant force behind the exchange’s July growth, with $1.2 billion in net inflows helping Hyperliquid add $1.5 billion in total AUM in a single month.

Alongside the USDC momentum, ETH recorded inflows of over $47 million in a single day. The token’s recent rally also funneled in additional liquidity into DeFi platforms, with Hyperliquid one of the primary beneficiaries. 

Hyperliquid’s Rising Rank In The Crypto Market

The expansion of Hyperliquid has surpassed its AUM. Crypto analyst Ansem recently highlighted HYPE’s consistent growth in all meaningful metrics.

In August, the platform’s market share climbed to 22.8%, placing it third among derivatives exchanges worldwide.  Its decentralized, order-book-driven business model, which offers traders more asset control than its centralized rivals, is what makes it appealing.

Hyperliquid’s expansion has pushed DeFi perpetual futures volumes to historic highs. July’s $465 billion in total DeFi perp trades marked a 27% jump this week, according to DefiLlama. 

In addition, the exchange recorded $10.6 billion in open interest last month, indicating increased trader engagement and deeper liquidity. According to analysts, this might further reduce the supply of its native HYPE token, which could help maintain price momentum.

HYPE Price Climbs 5%

HYPE has mirrored the platform’s growth, climbing 4.96% in 24 hours and posting gains of 23.5% in a week. Apart from its AUM milestone, other factors include record fee revenue ($97.7 million in July, surpassing Ethereum and Solana), aggressive HYPE buybacks, and strong whale participation.