Money Moves: Hyperliquid and Polygon Are Having a Moment While ETH Takes a Breather

On-chain data reveals some interesting capital flow drama this week. While certain networks are swimming in fresh inflows, others are watching their funds take a stroll out the door.

Polygon PoS and Hyperliquid emerged as the belle of the ball, pulling in $117.33 million and $112.11 million respectively. Base, Ink, and Injective (INJ) also got their slice of the pie with $23.70 million, $15.62 million, and $8.62 million in net inflows. BNB Chain and Sui rounded things out with $2.57 million and a modest $106,000.

On the other side of the ledger, Arbitrum led the outflow parade at -$115.49 million. Ethereum (ETH) wasn't spared either, dropping -$62.72 million. OP Mainnet, Solana (SOL), and Sei Network also saw notable exits at -$36.31 million, -$34.26 million, and -$14.51 million. The remaining outflows included Berachin (-$5.02 million), Avalanche C-Chain (-$3.30 million), Starknet (-$3.28 million), Unichain (-$2.27 million), and WorldChain (-$763,000).

The pattern suggests investors are being picky with their liquidity, concentrating it in Layer-2 and alternative blockchain ecosystems while giving some of the bigger names a cooling-off period.

*This is not investment advice.