
Recent blockchain data shows Hyperliquid leading in net inflows with about $133.56 million, while Arbitrum experienced the largest net outflows at roughly $131.59 million. Despite Arbitrum attracting the highest gross inflows, more capital left its ecosystem than entered, signaling a liquidity rotation among traders toward Hyperliquid and other Layer 2 networks like Base. This shift reflects changing trader preferences and could indicate evolving opportunities in cross-chain trading and yield strategies.