Internet reports that USDC's supply on Hyperliquid has grown significantly since the beginning of the year, doubling to 4.9 billion units. This expansion reflects the growing importance of a decentralized perpetual contract trading platform, where USDC is the main settlement currency for derivatives trading. Hyperliquid has strong trading momentum, processing more than US$150 billion in trading volume in July alone. The platform's trading volume has reached 11.5% of Binance's, indicating that it is rapidly growing into a leading online perpetual contract platform.