Silver Trading Volume Surges on Hyperliquid, Outpacing Solana and XRP
- Daily trading volume of Silver on Hyperliquid has surpassed $1 billion, making it one of the exchange’s most active markets.
- Silver prices increased by over 5% to $110 today amid rising demand for safe-haven assets.
- Open interest for SILVER contracts is approximately $145 million at present.
- Solana’s daily trading volume reached $237 million, while XRP recorded just $78 million.
- TradeXYZ’s overall perpetuals volume hit nearly $1.5 billion in the last day, reflecting significant market activity.
The surge in Silver trading comes as geopolitical tensions rise, prompting investors to seek safe-haven assets like precious metals. This trend is evident with Silver’s current trading volume nearing that of major cryptocurrencies like Bitcoin and Ethereum.
With Silver’s daily trading volume exceeding that of both Solana and XRP, the market dynamics are shifting significantly in favor of this asset class amid heightened economic uncertainty. (Source)
