Hyperliquid Defies Market Downturn as SpaceX, Anthropic, OpenAI IPOs Loom

In brief

• Hyperliquid’s HYPE token is up 5% over the past 24 hours and 69% over the past year, outperforming the broader crypto market.
• The platform’s HIP-3 ecosystem has processed over $120 billion in total volume, with TradeXYZ pricing Cerebras perps within 3% of its Nasdaq open while Hiive…