Moving USDC between Solana and Hyperliquid
Route, cost, delay.
Backers never bridge. Only the keeper moves USDC between the two chains, and only for floors, tranches paid on Hyperliquid and the weekly 40%.
| Route | Use | Cost measured | Delay |
|---|---|---|---|
| Relay | both ways, primary | about 0.03 USDC for 50 USDC in, 0.04 out | about 1 s |
| Circle CCTP | fallback, and transfers above 5,000 USDC | about 0.25 USDC in, up to 0.50 out | seconds |
A first transfer to a never-used Hyperliquid address includes Hyperliquid's 1 USDC activation. The keeper bridges to the house collector, an activated address, then uses usdSend to the target, which is free between existing accounts.
Deposit from Phantom on /trade
The trade page uses the same Relay route with the trader's own Hyperliquid address as recipient. The quote, with its fee and the activation of a new account, is shown before the click that signs.
Sources: Relay, Hyperliquid support, Circle, CCTP on HyperCore.