Hyperliquid’s Nvidia perpetual futures hit $2B in 24-hour volume
In this news:
Key takeaways
- Hyperliquid Nvidia perpetual futures reached nearly $2 billion in 24-hour volume.
- The product is now the second most traded on the platform, trailing only Bitcoin.
- The futures settle in USDC and offer crypto-native exposure to Nvidia equity.
Hyperliquid’s Nvidia perpetual futures have reached nearly $2 billion in 24-hour volume, making them the second most traded product on the platform, just behind Bitcoin.
This surge in activity highlights the increasing demand for leveraged, crypto-native exposure to Nvidia’s equity price. These perpetual futures, settled in USDC, do not represent direct ownership of Nvidia stock but offer participants an innovative way to speculate on the company’s market movements. The significant volume reflects growing interest and activity in Hyperliquid’s offerings, potentially impacting its future market predictions.
Market outlook and future activity
Market participants will be observing whether Hyperliquid can maintain or increase its volumes in the coming weeks, possibly affecting its price predictions. Attention will also be on any further developments or announcements from Hyperliquid that could influence market dynamics.
The interplay between traditional equity markets and crypto-native products like Hyperliquid’s Nvidia futures will be crucial in understanding broader market trends.
Source: cryptobriefing.com
Share the article:
Trending News & Crypto World
.png)
Latest Crypto News
Top Trending Cryptocurrencies on The Market
Current Price
$0.02975
Market Cap
$593.6M 2.57%
24h Volume
$17.7M
Supplies
38.1B / ∞
Current Price
$0.07346
Market Cap
$578.3M 1.11%
24h Volume
$10.8M
Supplies
9.9B / ∞
Current Price
$1.056
Market Cap
$576.8M -0.11%
24h Volume
-
Supplies
546.2M / ∞
Current Price
$1.780
Market Cap
$563.8M -3.23%
24h Volume
$39.9M
Supplies
329.1M / 400.0M
Current Price
$0.9983
Market Cap
$538.0M 0.05%
24h Volume
$192.9K
Supplies
538.9M / ∞
Current Price
$0.2839
Market Cap
$534.2M -10.90%
24h Volume
$13.7M
Supplies
1.9B / ∞
Current Price
$41.330
Market Cap
$532.7M -5.56%
24h Volume
$44.4M
Supplies
12.9M / 18.9M
Current Price
$0.5721
Market Cap
$525.4M 0%
24h Volume
$700.6K
Supplies
1.0B / 1.0B
Current Price
$0.06637
Market Cap
$522.7M 0.68%
24h Volume
$25.5M
Supplies
10.0B / 10.0B
Current Price
$1.100
Market Cap
$522.4M 0.70%
24h Volume
$42.7M
Supplies
472.9M / ∞
Current Price
$1.380
Market Cap
$521.4M -9.32%
24h Volume
$16.7M
Supplies
2.1B / 2.1B
Current Price
$0.9985
Market Cap
$493.8M -0.13%
24h Volume
$3.6M
Supplies
494.5M / ∞