According to Odaily, SpaceX's IPO on June 12 triggered a trading surge in SPCX perpetual futures on Hyperliquid, with the trading pair hitting $1.4 billion in daily volume—accounting for 30% of all HIP-3 trades that day.
This marked a sharp increase from the three weeks prior to the IPO, when SPCX averaged just $26 million in daily volume. Across the broader HIP-3 ecosystem, stock-linked perpetual contracts accumulated over $18.8 billion in trading volume during the first half of June, surpassing combined crude oil and Brent oil futures at $7.66 billion.