$HYPE is becoming more interesting to watch as TradFi keeps moving on-chain.

Hyperliquid’s RWA markets recorded $25.1B in weekly volume from July 13–19, making up 52% of its $48.2B total volume.

That’s a pretty clear sign that tokenized stocks, commodities and other real-world assets are becoming a bigger part of on-chain trading.

With the FOMC influencing yields, liquidity and risk appetite, I’m watching how this TradFi–DeFi connection develops around $HYPE.

#HYPE