HYPE: HyperCore USDC Lending: Utilization and Rates

Included with Plus.

For USDC on HyperCore's lending market: the share of the supplied USDC that is lent out, and the yearly rates borrowers pay and suppliers earn.

Why use it. USDC is what traders borrow on Hyperliquid, so its utilization and rates are the price of leverage there; the supply rate is the yield on idle dollars held on the exchange. How to read it. High utilization means most of the dollars supplied are lent out. The supply rate is the borrow rate times utilization, less the market's cut, so it moves with demand for loans. The summary value is the utilization.

Calculation. Utilization, borrow and supply rates as Hyperliquid reports them for the USDC reserve at each reading, in percent. A period's value is its last ten-minute reading; the open period shows the latest as a labelled partial. History starts on 8 November 2026, when our readings began; no earlier values are reconstructed. Source: our own ten-minute readings of Hyperliquid's public info API (every lending reserve's state and the token list), collected by CryptoKeyhole.