Hyperliquid’s Equity Perps Hit $100M in 24-Hour Volume: On-Chain Stock Derivatives Surge

Hyperliquid’s equity perpetual contracts (perps) have achieved $100 million in 24-hour trading volume, highlighting robust demand for decentralized access to traditional stock markets.

Equity Perps: Decentralized 24/7 Trading

Equity perps on Hyperliquid allow users to trade tokenized versions of stocks with leverage, without expiration dates. Built on the platform’s Layer-1 blockchain, they offer sub-second finality and low fees, extending DeFi’s reach to equities. This $100 million milestone, up from $50 million last week, reflects growing interest in on-chain derivatives, with open interest at $500 million.

• Volume Spike: $100M 24H; 100% growth WoW.
• Key Pairs: AAPL, TSLA, NVDA perps; 50x leverage.
• Market Cap Impact: Hyperliquid TVL $2.5B+.

Promise vs. Challenges: Rivaling Stablecoins?

Equity perps promise 24/7 trading, fractional ownership, and global access, potentially scaling to stablecoin levels ($300B cap). They enable yield farming on stocks and composability with DeFi protocols. However, analysts caution: Liquidity traps from thin order books, legal hurdles under securities laws, and hype-driven expectations risk crashes like 2022’s Luna. Sustainable adoption requires oracle reliability and regulatory clarity.

2025 Outlook: $1T On-Chain Derivatives Potential

With $10 trillion in traditional derivatives, equity perps could capture 1-5% via DeFi, hitting $100B-$500B. Hyperliquid’s HYPE token, up 20% to $37, benefits from volume fees.

For investors, how to buy HYPE via compliant platforms ensures entry. How to sell HYPE and how to cash out HYPE offer liquidity. Sell HYPE for cash and convert HYPE to cash enable fiat conversions.

In summary, Hyperliquid’s $100M equity perps volume signals DeFi’s stock invasion, but liquidity and legal risks demand vigilance for 2025’s growth.