SpaceX IPO Drives Hyperliquid Trading Frenzy, SPCX Perpetual Daily Volume Reaches $1.4 Billion

Odaily Planet Daily News After SpaceX went public on Nasdaq last Friday with a valuation exceeding $1.7 trillion, trading volume surged for the SpaceX-related HIP-3 perpetual contract SPCX on Hyperliquid. Data shows that the xyz:SPCX trading pair recorded a daily turnover of $1.4 billion, accounting for 30% of all HIP-3 trading volume that day.

In comparison, during the three weeks prior to the SpaceX IPO, the average daily trading volume of xyz:SPCX was only about $26 million, indicating that the IPO event significantly amplified the trading热度 of on-chain equity-related derivatives.

Looking at the broader HIP-3 ecosystem, the cumulative trading volume of equity-linked perpetual contracts in the first half of June has exceeded $18.8 billion, significantly higher than the combined $7.66 billion of crude oil and Brent crude oil perpetual contracts.

This indicates that as high-profile stocks like SpaceX enter the on-chain trading scene, platforms such as Hyperliquid are becoming important gateways for crypto users to gain exposure to traditional assets, with the activity levels of equity perpetual contracts already surpassing certain traditional commodity markets.