April 14, 2026·Bullish

Hyperliquid L1 Stablecoins Top $5.3B, Surpassing Major L2s

Hyperliquid L1 has accumulated $5.3 billion in stablecoin holdings. This figure notably surpasses the combined stablecoin totals of prominent Layer 2 networks such as Base, Arbitrum, and Polygon. The unexpected scale of Hyperliquid's stablecoin accumulation, despite its lesser recognition, has generated significant discussion within the crypto community.

Detected & updated continuously · Source: Ruma

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@kryptosopus

Hyperliquid L1 holding $5.3B in stables now. That's more than Base, Arbitrum, or Polygon. A chain barely anyone had heard of is outparking three major L2s and we're still debating if it's legit lmao