JUST IN: Hyperliquid has surged over 25%, reaching a high of $28.30 as its decentralized commodity trading volume explodes. 24-hour trading volume has skyrocketed 125% to over $542 million, driven by a massive "silver frenzy" on the platform. Open Interest (OI) on Hyperliquid’s HIP-3 framework has hit a record all-time high of $790 million. On-chain trackers have flagged a single $10.32 million withdrawal of $HYPE from exchanges, signaling aggressive institutional accumulation. Hyperliquid is decoupling from the broader crypto market as it establishes itself as one of the primary liquidity hubs for decentralized commodities.
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