$HYPE Surges 24% as Silver Futures Explode on Hyperliquid!
The derivatives market is heating up, and Hyperliquid is leading the charge! The platform's native token, $HYPE, has jumped 24% in just 24 hours, fueled by a massive spike in commodity trading.
The Silver Rush on Hyperliquid
Silver perpetual futures have officially become the third most active market on the exchange, trailing only behind crypto giants Bitcoin and Ethereum.
Here are the jaw-dropping numbers:
$1.25 Billion in 24-hour trading volume.
$155 Million in open interest.
Global Shift: Significant volume surge recorded during Asia trading hours.
📉 Why is HYPE pumping?
It’s all about the Tokenomics. Hyperliquid uses trading fees from its user-created markets to buy back HYPE on the open market.
The Loop: More trading volume ➡️ Higher fee revenue ➡️ Massive HYPE buybacks ➡️ Stronger Price Action.
As traders diversify into gold, silver, and other commodities using crypto infrastructure, HYPE is reaping the direct benefits of this ecosystem growth.
Market Outlook
This move signals a major shift as decentralized exchanges (DEXs) move beyond just digital assets. With silver hitting record activity on-chain, Hyperliquid is proving to be a powerhouse for both crypto and TradFi assets.
Are you bullish on the HYPE buyback model? Let us know in the comments!
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