Silver did $11B on Hyperliquid in two weeks

CN
15 hours ago

Silver did $11B on Hyperliquid in two weeks.

More than gold, indices, and equities combined.

Silver made up 71% of all tokenized commodity volume in late January. Gold came in at $2.7B with copper filling the rest.

This is a complete inversion to traditional markets where Gold volumes tend to trade 4x more than Silver.

Tokenized perps aren't attracting the same participants as institutional markets. They're pulling in traders who want higher beta, more volatility, clearer narratives.


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