Arc and HyperEVM captured over $1.2 billion in market cap in one week. Circle’s layer-1 blockchain Arc contributed approximately $621.5 million, while HyperEVM, the EVM-compatible layer within Hyperliquid, added another $598.8 million. At launch on September 16, Arc already had nearly $649 million in USDC deployed with over 100 institutional partners including BlackRock, Visa, and Mastercard. Stablecoin market cap on HyperEVM has reached approximately $5.8 billion, compared to just $128.6 million for Avalanche over the same period.
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