After SpaceX went public with a $170 billion valuation, the daily trading volume of Hyperliquid’s SPCX perpetual contract reached $1.4 billion, accounting for 30% of the total HIP-3 trading volume that day. The previous average daily volume of SPCX was $26 million. In the first half of June, the cumulative trading volume of stock-linked perpetual contracts exceeded $18.8 billion, surpassing the combined volume of crude oil and Brent crude perpetual contracts at $7.66 billion.
Hyperliquid SPCX volume surges to $1.4B following SpaceX IPO
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Summary
Hyperliquid’s SPCX perpetual contracts reached $1.4 billion in trading volume following SpaceX’s $1.7 trillion IPO, accounting for 30% of HIP-3 transaction volume—up from a prior daily average of $26 million. In early June, equity-linked perpetual contracts on the platform achieved a cumulative trading volume of $18.8 billion, surpassing the $7.66 billion generated by crude and Brent crude contracts.
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