Hyperliquid's quarterly trading volume dropped 35% since October 2025 while RWA perpetuals surged to 30% of total volume, with open interest hitting $2.6B.

Hyperliquid burned 16% of its HYPE supply as US stock perpetuals boost trading volume. Price at $100 by December 31, 2026, at 38.5% YES.

Hyperliquid's quarterly trading volume dropped 35% since October 2025 while RWA perpetuals surged to 30% of total volume, with open interest hitting $2.6B.