Purpose-built L1 for on-chain perpetuals trading. Stablecoin supply (primarily USDC) serves as collateral for the HyperLiquid perpetuals exchange.
Stablecoin supply
$7.4B 2.42% of networks covered
Rank by supply
5 of 30 covered
Coins on this chain
16 8 above $1M
Largest coin's share
98.7% USDC
Concentration (HHI)
9,737 of 10,000
01
The mix
16 coins · HHI 9,737
Top coin — the largest coin's share of this chain's stablecoin supply.
HHI — Herfindahl-Hirschman Index, the sum of squared percentage shares
on a 0–10,000 scale, the same definition published for the market-wide
concentration series. Both are computed over every coin with supply on the chain,
not only those listed below.
A chain's concentration measure describes only its stablecoin mix. It does not
indicate the security of the chain or the soundness of the issuers represented on it.
#
Stablecoin
Type
Supply on Hyperliquid L1
1
USDCUSD Coin
Fiat
$7.3B
2
USDTTether
Fiat
$66M
3
FEUSDFelix feUSD
Crypto
$10M
4
USDeEthena USDe
Crypto
$8M
5
USDHUSDH Stablecoin
Fiat
$8M
6
USDMMonetrix USDM
Crypto
$3M
7
beatUSDHyperbeat USD
Fiat
$2M
8
USDGGlobal Dollar
Fiat
$2M
Coins with at least $1M of supply on this chain, ranked by that supply.
8 further
coins hold smaller balances
here and are counted in the
concentration figures above but not listed.