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HyperEVM Stablecoin Landscape
USDC Dominance keeps going down. The main reason for this is that @circle announced HyperEVM support but did not ship yet. Meanwhile @USDT0_to is eating their lunch.
USDT grew 152% last month and had the highest volume day yesterday.
@ethena_labs is testing USDe Pairs on Testnet and USDe support on HyperEVM is growing. Check the pools on @prjx_hl and @HybraFinance - they are often more lucrative than USDT Pools.
@usd_hl is missing in this list on @DefiLlama but is also pushing. And USDHL Pools for LPs are also slept on.
Shoutout to @HyperstableX for growing USH.
They tend to have it harder since they don't have a points program going on or any TVL deals. While I am sceptic if it's good to go against the current I love to see them grow since it was my first angel deal in Hyperliquid Eco.