Arbitrum On-Chain USDC Market Cap Reaches $5.2 Billion, with 70% Utilized on Hyperliquid Platform

According to data disclosed by Tom Wan, Head of Data Analytics at Entropy Advisors, on the X platform, the market capitalization of USDC on Ethereum Layer 2 network Arbitrum has reached $5.2 billion, with as much as 70% of the USDC being utilized on the decentralized exchange Hyperliquid.