In the month following its launch, the total trading volume of spot HYPE-ETFs approached $900 million. The net inflow of funds into instruments from 21Shares, Bitwise, and Grayscale reached $153 million.
Approximately 97% of trading fees on Hyperliquid are directed to a support fund. This creates a mechanism for automatic token buybacks: increased activity on the platform directly boosts demand for HYPE.
All three funds support staking with an annual yield of around 2.25%. At the time of writing, 434 million HYPE tokens are locked, representing 45% of the available supply.
An additional growth driver for the ecosystem was the IPO of SpaceX. On the day Elon Musk's company went public, trading volume for the corresponding perpetual contract (SPCX) on Hyperliquid reached $1.4 billion, accounting for 30% of all activity in the HIP-3 segment.
As of this writing, HYPE is trading at $72.9 (+11.4% in the last 24 hours).
Hourly chart of HYPE/USDT on KuCoin. Source: TradingView.As a reminder, in May, the share of trading volume from perpetual futures on Hyperliquid rose to a record 6.63% of the total turnover on CEX—$200 million out of $3 trillion.