USDe on HyperEVM has climbed steadily since December to nearly $80M, alongside @hyenatrade opening trading. All bridged $USDe is now flowing into Hyena’s HLPe. HLPe is capped at $40M, raising that cap could accelerate USDe growth. That’s likely, since HLPe offers top PerpDEX yields from - Funding-rate revenue - USDe yield - Points incentives Trading volume is at all-time highs with last week alone was ~1/3 of total cumulative volume.