Hyperliquid's HIP-3 synthetic markets recorded over $1.3B in SpaceX trading volume around the IPO, with stock-linked segments eclipsing crude oil perps.

TradeXYZ's SPCX perpetual contract on Hyperliquid hit $1.34B in notional volume on SpaceX's IPO day, capturing 95% of the pre-IPO perp market.

SpaceX-linked derivatives hit $9B in total trading volume, with Binance's perpetual futures capturing $5.6B in 24 hours around the company's Nasdaq IPO.