I noticed that something interesting is happening on Hyperliquid. The daily volume on HIP-3 recently surpassed $5 billion — that's a serious figure for a platform. It turns out the main growth driver is silver futures. In one day, they accounted for nearly $4 billion, roughly 70% of all activity. Apparently, traders are looking for alternatives to crypto and catching volatility in precious metals.

The platform itself has restructured as a result. It’s no longer just a crypto-perp, but a full-fledged tool for trading metals, indices, and stocks. According to DefiLlama, Hyperliquid is confidently ahead of competitors in the perp-DEX segment. Metal volumes have already reached about 1% of COMEX — a significant milestone for a decentralized platform.

The HYPE token has increased by 9.87% over the past month despite market corrections. This was helped by the implementation of new standards and the establishment of prediction markets through HIP-4. Plus, integration with Ripple Prime added legitimacy. It seems the project is really finding its niche beyond standard crypto trading.