Hyperliquid (HYPE) is extending its upward rally for a third straight session, rising over 25% today, as capital continues to rotate into Hyperliquid, driven by an unexpected surge in commodity-based trading. While the broader crypto market remains selective, HYPE’s rapid rally into commodity perpetuals, particularly Silver, has reshaped short-term demand for the HYPE token.
Silver Perpetuals Push Hyperliquid Volume Past $1B
The immediate catalyst behind HYPE’s rally has been explosive growth in commodity perpetual contracts on Hyperliquid. Silver…

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