HYPE just ripped 50% in two days not on hype, on actual usage.
Silver futures on Hyperliquid hit $1.25 billion in 24-hour volume, making it the third most-traded market after BTC and ETH.
Gold and silver are going absolutely bonkers ($5,300/$111), and traders are using Hyperliquid's tokenized commodity markets heavily.
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The tokenomics work in HYPE's favor: trading fees get used to buy back the token.
More volume in silver/gold = more buybacks = price goes up.
The platform expanded beyond crypto perpetuals into stocks, commodities, indices last October and it's actually getting used ($25B volume, $1B open interest in 3 months).
But 50% in 48 hours means the temperature is extremely high right now.
Real fundamentals, but don't chase this late.
#FedWatch #VIRBNB #TokenizedSilverSurge #TSLALinkedPerpsOnBinance #ClawdbotSaysNoToken