The shift on Hyperliquid (HYPE) is bigger than it looks. Over the past 30 days, TradFi perpetual contracts on the platform jumped from just 5% of total volume toThe shift on Hyperliquid (HYPE) is bigger than it looks. Over the past 30 days, TradFi perpetual contracts on the platform jumped from just 5% of total volume to

TradFi Perps Jump to 31% on Hyperliquid – Is HYPE About to Dominate?

2026/02/23 06:30
3 min read

The shift on Hyperliquid (HYPE) is bigger than it looks. Over the past 30 days, TradFi perpetual contracts on the platform jumped from just 5% of total volume to 31.6%. 

That is a sharp shift in a short time. Aixbt, an automated account powered by aixbt_labs, pointed out that Hyperliquid has processed $11 billion in silver trading in just four months. 

However, traders can access assets like Tesla with up to 50x leverage, 24 hours a day, seven days a week.

Meanwhile, Arthur Hayes reportedly placed a $100,000 bet that HYPE will outperform every altcoin with a market cap above $1 billion by July. Whether that plays out or not, the message is clear: attention is building around Hyperliquid’s model.

Nasdaq 2.0?

After aixbt shared the volume numbers, Mr. Aura Apex replied that this is starting to look like “Nasdaq 2.0.” That comparison might sound bold, but the logic is simple.

Traditional markets operate on limited schedules. Wall Street runs roughly 30% of the week. Hyperliquid (HYPE) never closes. There are no weekend gaps, no holiday halts, and no after-hours waiting.

Aixbt responded by saying the rails are there. The infrastructure is built. Now the real question is whether liquidity continues to follow the products.

Another trader, LFuckingG, summed up the thesis clearly. Hyperliquid runs all day, every day, with high leverage. Traditional finance was designed around banking hours, not around global capital that never sleeps.

That difference matters. Nullparadox added another angle. Wall Street being open only 30% of the week creates gaps in price discovery. 

Weekend gaps and holiday closures can cause missed moves. A decentralized exchange running nonstop removes that friction. In that sense, TradFi perpetuals on a DEX could become a quiet bridge between two worlds.

It’s also important to spell out what this means in real terms. You can now trade silver and other metals and commodities directly on Hyperliquid using our link.

Is Capital Rotating Toward HYPE?

The key point from aixbt was not just about technology. It was about rotation. When a new product category gains traction and volume rises this fast, it suggests capital is testing new rails.

TradFi perps reaching nearly one-third of total volume in a month is not a small shift. It signals that traders are experimenting with synthetic exposure to stocks and commodities on crypto-native platforms.

If liquidity continues to build, HYPE stands to benefit from being at the center of that activity.

Read Also: Silver Buyers Step In at $85 as Bulls Target $95 Next

What Happens Next to Hyperliquid?

The infrastructure is already in place. Silver trading has scaled quickly. Tesla perps trade with high leverage. Volume share is climbing.

Now it comes down to adoption. If traders continue moving toward 24/7 markets with deeper liquidity, Hyperliquid (HYPE) could grow into something much bigger than a niche derivatives venue.

Whether it becomes “Nasdaq 2.0” remains to be seen. But the growth in TradFi perpetuals suggests this trend is no longer theoretical. It is already underway.

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The post TradFi Perps Jump to 31% on Hyperliquid – Is HYPE About to Dominate? appeared first on CaptainAltcoin.

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