Volume on Hyperliquid shot up hard in the last day, basically doubling to around $10 billion.


A ton of that action is flowing through the RWA perps for stocks and commodities.
Even with all the trading heat, HYPE keeps slipping and sits near $54-55.
The platform is still printing numbers while the token cools off a bit.
These on-chain perps markets move in ways that keep catching people off guard.
HYPE-5.14%
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