Bullish

Halcyon-Linked Hyperliquid Contracts Hit $23.4B Volume, Surpassing BTC

2026-07-29 14:32:13

SKHX and SKHY contracts on Hyperliquid reached a record $23.4B in 24h volume, overtaking BTC to become the platform's most traded assets.

Woofun AI data shows that Herculix-related contracts SKHX and SKHY on Hyperliquid achieved a combined 24-hour trading volume of $23.39 billion, setting a new all-time high. This figure exceeded BTC's $16.95 billion volume during the same period, making these assets the platform's top performers by turnover.

Specifically, SKHX recorded $18.58 billion in volume with an open interest of $6.02 billion.

Meanwhile, SKHY generated $4.80 billion in trading activity alongside $74.28 million in open interest.

WOOFUN AI

Impact Assessment · Quick Read

The surge in SKHX and SKHY volumes indicates intense speculative interest in Halcyon-related derivatives, temporarily eclipsing Bitcoin's dominance on Hyperliquid. Such concentration in niche assets often precedes high volatility, suggesting traders should monitor open interest levels for potential liquidation cascades if momentum shifts.
Generated by WOOFUN AI · For reference only, not investment advice

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