Hyperliquid altcoin trading volume contracted, while equity asset trading activity surpassed it.

Trading activity in native altcoins on the Hyperliquid platform has cooled significantly, with stock, stock index, and stock ETF contracts showing greater activity than altcoins. In the past 24 hours, 23 stock-related instruments and 13 altcoins saw trading volumes exceeding $10 million. Native altcoin contract trading volume decreased from $410.8 million on September 24th to $125.4 million. HYPE and ZEC combined accounted for $58.4 million of native altcoin trading volume, representing 46.6% of the total. Excluding these two, native altcoin contract trading volume was $67.0 million, while stock-related contracts traded $122.2 million. Trade.xyz trading volume decreased from $212.0 million on September 24th to $154.9 million. From October 19 to 25, the average transaction volume across the platform was $756.4 million, of which $479.5 million was from native crypto contracts and $276.9 million was from HIP-3 assets.