$4.397 billion USDC settled on-chain in a single transaction, sparking discussions about traditional centralized trading models due to instant settlement and zero fees.

Technology analyst Aakash Gupta stated that Coinbase completed a transfer of approximately $4.397 billion in USDC on the HyperEVM network, settling the funds in a single block—achieving second-level confirmation with zero on-chain transaction fees. The market views such large-scale on-chain settlements as further demonstrating the potential of blockchain infrastructure in terms of payment clearing efficiency.