
defioasis.eth|Jul 26, 2025 03:05
Finally, the Hyperliquid's asset sink level has been fully calculated. After the introduction of Unit this year, the Hyperliquid asset size has now exceeded $5.6 billion, comparable to Bitget and BitMEX
Among these $5.6 billion assets, there are $4.87 billion in USDC and BTC, ETH, SOL, FARTCOIN, and PUMP supported by Unit's deposit/withdrawal. It is worth mentioning that Hyperliquid holds 3.8% of the total PUMP, making it the second largest exchange after Bybit
Unit is an important part of Hyperliquid becoming a true exchange. Before Unit, Hyperliquid could only be accessed through USDC onboard, which made it difficult for Hyperliquid to access new assets on the external chain. As an on chain exchange, Unit solves the problem of Hyperliquid CLOB not having a spot asset currency standard. Users are now using Unit deposits to increase the depth of the CLOB market, and this experience is closer to CEX's deposit/withdrawal, rather than an on chain bridge
As the saying goes, making money through contracts and determining position through spot trading, Hyperliquid is indeed the next level of on chain exchanges. Remembering the wise saying of @ sankin_ eth back then, every public chain should view itself as an exchange and operate like CEX
https://(dune.com)/kucoinventures/hyper
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