Hyperliquid’s HYPE token is up 25% as traders on the perpetual futures exchange pile into silver, gold, and other commodities. The exchange’s Silver to USDC market registered a whopping $1.2 billion in trading volume over the past 24 hours, making it the second most-traded asset after Bitcoin. Hyperliquid investors view the surge in commodities trading as bullish because it gives the exchange more money to conduct token buybacks through the additional fees collected. In October, the exchange started le ...