Svmuu News: Following SpaceX’s listing on Nasdaq last Friday with a valuation exceeding $1.7 trillion, trading volume for the SpaceX-related HIP-3 perpetual contract (SPCX) on Hyperliquid surged.Data shows that the xyz:SPCX trading pair recorded a daily trading volume of $1.4 billion, accounting for 30% of all HIP-3 trading volume that day. By comparison, in the three weeks leading up to SpaceX’s IPO, the average daily trading volume for xyz:SPCX was only about $26 million, indicating that the IPO event significantly amplified trading activity in on-chain stock-related derivatives. Looking at the broader HIP-3 ecosystem, the cumulative trading volume of stock-linked perpetual contracts in the first half of June exceeded $18.8 billion, significantly higher than the combined $7.66 billion for WTI and Brent crude oil perpetual contracts. This indicates that as high-profile stocks like SpaceX enter the on-chain trading landscape, platforms such as Hyperliquid are becoming key gateways for crypto users to trade exposure to traditional assets, with the activity in stock-linked perpetual contracts now surpassing that of some traditional commodity markets.