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Hyperliquid Perps fees jump 167% driven by on-chain stock trading growth
Hyperliquid Perps experienced a significant 167.76% increase in 24-hour fees, reaching $2.29 million. This surge is attributed to the rapid growth of on-chain stock trading, with HIP-3 markets now accounting for nearly 50% of Hyperliquid's total perpetual volume, up from approximately 2% at the beginning of the year.