SpaceX's IPO drives Hyperliquid platform SPCX trading volume to surge to $1.4 billion

After SpaceX went public with a valuation of $1.7 trillion, the daily transaction volume of the Hyperliquid platform SPCX perpetual contract reached $1.4 billion, accounting for 30% of the HIP-3 trading volume on that day. The average daily trading volume of SPCX was previously $26 million. In the first half of June, the cumulative trading volume of stock linked perpetual contracts exceeded $18.8 billion, higher than the total of $7.66 billion for crude oil and Brent crude oil perpetual contracts.