DeFi· ★★★· bullish·

Arc and HyperEVM pull in $1.2B in stablecoin market cap in one week

  • —Arc added $621.5M and HyperEVM $598.8M in the week to September 22
  • —Avalanche grew only $128.6M, roughly a fifth of either newcomer
  • —Arc's mainnet launched September 16 with about $649M in USDC already deployed
  • —Stablecoin supply on HyperEVM has ballooned to around $5.8B
Why it matters: Stablecoin liquidity is migrating to newer chains, intensifying competition with established L1s for capital and DeFi activity.
#USDC
Source: Crypto Briefing
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