A report released by research firm Decentralised.co stated that Hyperliquid's non-crypto asset trading volume accounted for approximately 30% in October, and 40% of its $7.2 billion trading volume on October 27th. The report uses the projected global futures and stock market size of $934 trillion in 2029 as a base, assuming revenue increases from $944 million to $4.91 billion in 2029. A 40x valuation corresponds to a HYPE price of $128, a 30x valuation to $98, and an optimistic scenario to $165; the current HYPE price is approximately $77. If non-crypto fees drop to 0.0004% of CME's, the benchmark valuation drops to $66. Binance launched 229 TradFi perpetual contracts this year, with an average daily trading volume of $13.4 billion, higher than Hyperliquid's $2.3 billion.

The popularity rankings show that PEPE's popularity has increased by 10,000 compared to yesterday, ranking first. The popularity rankings are as follows: ① BABY ($0.000005013, 0.82%) ② EVAA ($1.13, -13.08%) ③ AIN （$0.1393，-9.19%） ④ ETH （$2318.18，-2.16%） ⑤ ZEC （$1249.27，-5.11%） PEPE saw strong selling pressure from major funds, with a net outflow of $2.9329 million in the last 24 hours and a trading volume of $824 million, of which $2.0939 million was net inflow from major funds.

[SparkLend Ethereum USDT Utilization Remains at 96%, Available Liquidity at $11.95 Million] As of October 29, the SparkLend Ethereum USDT market had approximately $11.95 million in available liquidity, representing a liquidity utilization rate of approximately 96.29%. Current supply-side deposits are approximately 322 million USDT, outstanding loans are approximately 310 million USDT, the annualized yield for USDT suppliers is approximately 6.9%, and the variable borrowing annual interest rate is approximately 7.70%. (Source: The Defiant)

Trader 0xe813...6d74 went long on 19,500 ETH with 25x leverage an hour ago, holding a position worth $45.34 million. Currently, there is no realized profit of $315,000. This trader has completed 5 trades, all of which were successful, with a cumulative profit of $4.6 million.

Jeff, co-founder of Hyperliquid, stated that the next network upgrade will adjust the TWAP order rules with stop prices. When the price crosses a set boundary, the remaining execution plan will be paused instead of being directly terminated. If the price meets the conditions again within the original execution time, the order can resume execution. The TWAP function supports periods from 5 minutes to 7 days, with a minimum order amount of $100. Taking buying HYPE in batches over 2 hours with a maximum price set at $80 as an example, the order will pause when the price rises to $81. If it falls back to $79 and is still within 2 hours, buying can continue. The same logic applies when setting a minimum price for sell orders.