The Arrival of USDC on HyperEVM Marks the End of an Era
HyperEVM has been the go-to platform for high APR pools, with rates ranging from 60% to 120% thanks to arbitrage opportunities between AMM stables and HyperCore’s order books. The most popular pools, such as HYPE paired with native stables like feUSD, USDHL, and USDT0, have been the center of attention.
However, the main spot market on Hyperliquid operates solely with USDC, a missing piece in HyperEVM’s pools. This absence has led to continuous arbitrage opportunities, contributing to the high APR.
The Impact of USDC Integration on HyperEVM
- Circle’s decision to introduce USDC to HyperEVM is set to bridge this gap and revolutionize the platform.
- With the introduction of HYPE/USDC pools, a significant influx of Total Value Locked (TVL) is expected, potentially overshadowing other stablecoins.
- Major funds that have been waiting for USDC integration are likely to shift towards these new pools, resulting in a decline in yields for existing ones.
In conclusion, the integration of USDC on HyperEVM signifies a shift towards efficiency in the system, ultimately leveling out returns and bringing an end to the era of exceptionally high APR.
Don’t miss: From $100 Bitcoin to Buying at $116K – How Harvard’s Prediction Changed