HYPE-ETFs saw trading volume near $900 million in their first month, driven by significant fund inflows and the SpaceX IPO.
Following its launch, the trading volume of spot HYPE-ETFs soared close to $900 million, with net inflows into products from 21Shares, Bitwise, and Grayscale totaling $153 million.
On the Hyperliquid platform, about 97% of trading fees are allocated to a support fund, enabling automatic token buybacks. This mechanism means that increased trading activity enhances the demand for HYPE tokens.
All three funds involved offer staking options with an annual yield of approximately 2.25%. Currently, 434 million HYPE tokens are locked in staking, representing 45% of the total supply.
The ecosystem also benefited from the recent IPO of SpaceX. On the day of the public offering, trading volume for the related perpetual contract (SPCX) on Hyperliquid hit $1.4 billion, making up 30% of all transactions in the HIP-3 segment.
As of the latest update, HYPE is priced at $72.9, reflecting an increase of 11.4% over the past 24 hours.
In May, perpetual futures on Hyperliquid reached an all-time high, accounting for 6.63% of the total trading volume on centralized exchanges, which amounted to $200 million out of a total of $3 trillion.
