
Unitree IPO Surges 600%, Outpacing Crypto Perp Bets
Unitree's first day of trading outpaced the price implied by Hyperliquid premarket perps by 75%.
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Unitree's first day of trading outpaced the price implied by Hyperliquid premarket perps by 75%.

Hyperliquid lets firms leverage its order book depth via composable shared liquidity in DeFi.

Perpetual futures, or 'perps,' have become one of the most traded financial instruments in crypto since launching in 2015.

Perpetual futures, or 'perps', have become a cornerstone of crypto trading since their 2015 launch.
Monthly trading volume in real-world asset derivatives hit $470 billion, led by tokenized equities.
Arkham data shows James Wynn lost $982,000 in 24 hours shorting S&P 500 perpetuals, adding to over 200 career liquidations.