According to Entropy Advisors' Head of Data, Tom Wan, Hyperliquid has migrated approximately $5.4 billion USDC from its Arbitrum bridge to HyperEVM, making Hyperliquid the third-largest blockchain network by USDC supply, surpassing Base. Around 87% of this USDC is stored in a single Coinbase wallet. However, Tom Wan noted that this portion of USDC was originally collateral for Hyperliquid's cross-chain bridge and not Arbitrum DeFi liquidity. As a result, the native USDC on Arbitrum remains around $2.6 billion, maintaining its position in the top five. https://(wublock123.com)/news/hyperliquid-moves-5-4b-usdc-to-hyperevm-becomes-3rd-usdc-network-63525