FeesSafety
Pluang+

Traditional asset perpetual contracts on Hyperliquid now trade at over 80% of Bitcoin perpetual volume.

Market News
24 Oct 2026
Tokenpost
View Source
Neutral
Traditional asset perpetual contracts on Hyperliquid now trade at over 80% of Bitcoin perpetual volume.

Perpetual contracts linked to traditional assets like stocks, indexes, gold, and oil on the Hyperliquid platform have grown to represent more than 80% of the trading volume of its Bitcoin perpetual contracts. This trend began in April when traditional-asset markets first surpassed Bitcoin contracts in volume. The rise in traditional asset perpetual trading coincides with a decline in overall crypto trading volumes and volatility, as well as an increase in stablecoin settlements and tokenized equity holders. Despite Bitcoin's fall from its peak in October 2025, traditional markets continue to show strong trading activity compared to crypto, with U.S. equities trading volumes vastly outpacing crypto exchanges in July 2026.

Traditional-asset perpetuals and Bitcoin perpetual volumes are the story's focus, with Pluang data offering market context. As of Oct 24, 2026 12:21 WIB, 8 of 50 major cryptocurrencies rose while 41 fell. Notable movers include BAT at Rp2.901 with a -6.40% change and 84% sell orders, ATOM at Rp30.237 with -6.39% change and a near-even buy-sell split, and EGLD at Rp62.184 down 6.21% with 91% sell orders.

More News

Chery debuts Super Intelligent Valet Parking to ease family parking hassles and save time.

Chery debuts Super Intelligent Valet Parking to ease family parking hassles and save time.

At the 2026 Chery International User Summit, Chery introduced its Super Intelligent Valet Parking (SIVP) system, designed to simplify parking for families. The system uses advanced sensors and AI to enable features like One Tap Departure and One Step...

Others
Bullish
3 hours ago
Evernorth holds 473M XRP, plans to use tokens in lending and liquidity, boosting XRP bullish outlook.

Evernorth holds 473M XRP, plans to use tokens in lending and liquidity, boosting XRP bullish outlook.

Evernorth, which recently debuted on Nasdaq, holds 473 million XRP tokens and plans to use them across lending, liquidity, and institutional markets. This strategy aims to tap into markets worth trillions of dollars and increase the amount of XRP per...

Analyst Insights
Bullish
4 hours ago
Bitcoin recovers 40% toward all-time high, recovery takes twice as long as its prior decline

Bitcoin recovers 40% toward all-time high, recovery takes twice as long as its prior decline

Bitcoin (BTC) has regained about 40% of the ground lost since its peak, marking a significant recovery phase. This rebound has taken nearly twice as long as the previous decline that pushed it into bear-market territory. Analysts compared this cycle ...

Market News
Bullish
4 hours ago
Crude oil price hits $103.39 on Hyperliquid's crypto contract after a 4% rise in physical oil.

Crude oil price hits $103.39 on Hyperliquid's crypto contract after a 4% rise in physical oil.

On October 24, Hyperliquid's xyz:CL crude-oil perpetual contract was quoted at approximately $103.39, reflecting a new crypto-market price point. This followed a roughly 4% increase in the physical crude oil price recorded on October 23. The timing s...

Market News
Neutral
4 hours ago
U.S. Bitcoin ETFs see $635M outflow on Oct 22, largest since June, reversing prior gains.

U.S. Bitcoin ETFs see $635M outflow on Oct 22, largest since June, reversing prior gains.

On October 22, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a significant outflow of about $635 million, marking their largest daily withdrawal since June 25. Major funds like BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin...

Market News
Bearish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App