HYPE token hit a new all-time high of $75.96 as SpaceX-tracking SPCX perpetual futures on Hyperliquid surpassed $100 million in open interest.

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.

Stock-linked HIP-3 markets have generated more than $18.8 billion in volume so far this month, eclipsing crude oil and Brent perps combined.