Circle Invests in Hyperliquid Amid 1,500% Surge of HYPE Token

Circle's Strategic Investment in Hyperliquid

Circle Internet Financial has invested in Hyperliquid, a layer-1 blockchain.
Launched Native USDC and Cross-Chain Transfer Protocol (CCTP V2) on HyperEVM, enhancing USDC adoption and utility.
Plans to enable direct deposits and CCTP interoperability for Hyperliquid USDC on HyperCore.
Circle becomes a stakeholder in Hyperliquid and may become a validator, strengthening its network position.
Hyperliquid holds nearly $6 billion in USDC, over 8% of Circle’s total supply, generating significant annual interest.

HYPE Token Performance

Integration of Native USDC on HyperEVM aims to improve transaction capital efficiency within the ecosystem.
The initiative facilitates seamless transactions across the crypto economy for developers and fintech firms.
Circle plans incentive programs for builders on HyperEVM to foster innovation and collaboration.
HYPE token market cap exceeds $14 billion, with a surge over 1,500% since December 2024. Current price: $53, down from an all-time high of $57.
Circle's stock trades at $135, a 157% gain from its IPO price but a 55% drop from its all-time high.

Hyperliquid