Hyperliquid's equity perpetual contracts market is showing impressive momentum. The platform's equity perps are hitting record levels across both trading volume and open interest—quite a notable milestone.

The numbers tell an interesting story: daily volumes are running around $700 million, which accounts for over 8% of Hyperliquid's total trading volume. That's substantial concentration in just this one product category, suggesting strong institutional and retail interest in equity derivatives trading through the platform.

This growth trajectory reflects how decentralized derivatives platforms continue to capture meaningful market share from traditional venues, particularly as traders seek 24/7 markets and permissionless access to equity exposure through crypto infrastructure.