SpaceX Perps Become Hyperliquid’s Biggest Market

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CryptoProwl

Tue, June 16, 2026 astatine 8:05 AM CDT 1 min read

SpaceX (NASDAQ: $SPCX) perpetual futures contracts person go the biggest marketplace connected decentralized speech Hyperliquid (CRYPTO: $HYPE).

Hyperliquid's SpaceX perps, arsenic perpetual futures are known, recorded $1.4 cardinal U.S. successful trading volumes connected June 12, the time of the SpaceX archetypal nationalist offering (IPO).

That makes SpaceX perps the biggest marketplace connected Hyperliquid, accounting for astir 30% of each trading measurement connected the exchange.

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Stock-linked perps are increasing rapidly connected Hyperliquid and collectively accounted for $18.8 cardinal U.S. of trading volumes successful the archetypal fractional of June.

Perpetual futures are derivative contracts that let radical to speculate connected the terms of a banal oregon cryptocurrency without really owning the asset.

Unlike accepted futures contracts, perps person nary expiration date, meaning you tin clasp a presumption indefinitely, making them fashionable with investors.

The perps marketplace had been dominated by commodities specified arsenic crude lipid and cryptocurrencies specified arsenic Bitcoin (CRYPTO: $BTC).

However, the marketplace for perps has broadened retired to see stocks, with fashionable names similar SpaceX coming to predominate trading volumes.

Hyperliquid serves arsenic astir the timepiece venue for hedging and speculation connected U.S. stocks extracurricular regular marketplace hours.

SPCX banal has risen much than 20% since its June 12 IPO. The banal is presently trading astatine $192.50 U.S. per share.

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