Hyperliquid, that ever-so-daring blockchain circus, has unveiled USDH, its latest marvel 🎪, while Native Markets, the lucky winner of this digital lottery 🎉, now plays the role of “plumber” for reasons no one fully understands. At press time, USDH struts into the world as the 83rd most “stable” coin, valued at $24.23 million-enough to buy a small island… or a very confused llama. 🦙
The Great USDH Circus Begins: Native Markets Takes the Reins 🎪
After weeks of whispers, wagers, and wild speculation (mostly on whether this was a Ponzi scheme or just a *very* elaborate April Fools’ joke 🤹), Native Markets finally won the golden ticket to power USDH. Congrats! Now, please explain what “powering” means without using the word “blockchain.”
The numbers? Oh, the numbers! 📊 There’s 24.23 million USDH floating around, scattered across a whopping 59 wallets-because nothing says “decentralization” like a cozy dinner party for 59. 🍷 As of 1 p.m. Eastern, the coin’s already zipped through 1,935 transfers. Thrilling! Truly, the Venmo of the crypto elite.
But here’s the plot twist! 🎭 Two wallets hold 82.89% of the supply. Yes, two. One has 41.63%, the other 41.26%. Imagine if two folks on your street owned all the sidewalks-and then charged you rent. That’s USDH. The remaining 17.11%? A crumb for the rest of us peasants. 🍞
Coinmarketcap claims USDH trades on Hyperliquid, Hyperswap, and five other platforms with names like “Project X” and “Raydium” (no, not a sci-fi villain). Daily volume? $853,000! Excluding Hyperliquid, which alone moved $1.87 million paired with USDC. Translation: the real party’s at Hyperliquid’s house, and everyone else is just blowing bubblegum. 💨
Yet in the grand $294.751 billion stablecoin universe, USDH is a speck. A. Speck. 🧠 At 0.00822% market share, it’s the equivalent of bringing a spoon to a gunfight. Meanwhile, Tether and USD Coin loom like skyscrapers, probably wondering, “Who invited the intern?” 🏙️
So, USDH: a stablecoin so concentrated, it makes your morning coffee look decentralized. Will it rise to glory or vanish like a crypto wallet password? 🤷♂️ Stay tuned-and by “stay tuned,” we mean “check your portfolio in six months and weep.” 😂
Read More
- 2025 Crypto Wallets: Secure, Smart, and Surprisingly Simple!
- Gold Rate Forecast
- Brown Dust 2 Mirror Wars (PvP) Tier List – July 2025
- HSR 3.7 story ending explained: What happened to the Chrysos Heirs?
- Games That Faced Bans in Countries Over Political Themes
- The Labyrinth of Leveraged ETFs: A Direxion Dilemma
- 9 Video Games That Reshaped Our Moral Lens
- ETH PREDICTION. ETH cryptocurrency
- Gay Actors Who Are Notoriously Private About Their Lives
- Uncovering Hidden Groups: A New Approach to Social Network Analysis
2025-09-24 22:14