Hyperliquid Trade.xyz Hits $15.7B Weekly Volume Nearing TradFi Scale

Hyperliquid’s Trade.xyz recorded $15.72 billion in weekly perpetual volume on June 8, including $807 million over the weekend and $660 million in silver trading. The milestone follows the platform’s record 6.63% share of global perpetual volume on June 4, powered by HIP-3’s $62 billion monthly turnover. Despite the UK FCA’s May 21 warning and the June 5 partial liquidation of trader Jeffrey Huang’s leveraged long, Hyperliquid continues expanding tokenized equity and commodity flows toward institutional scale.