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The market capitalization of USDC on Arbitrum has reached 5.2 billion USD, with 70% being used on the Hyperliquid platform.
According to Jincai Financial News, Tom Wan, head of data analysis at Entropy Advisors, disclosed on platform X that the market capitalization of USDC on the Ethereum Layer 2 network Arbitrum has reached $5.2 billion, with as much as 70% of the USDC being used on the decentralized exchange Hyperliquid.