According to Flood, Hyperliquid’s 24/7 equity perpetuals recorded nearly $100 million in first-day 24h volume on the native front end, but activity was constrained by open interest caps that rose from $40 million to $50 million, limiting new positions and suppressing volume (source: Flood on X, Oct 27, 2025). Flood stated that by year-end, equity perps could match crypto perpetuals as a revenue driver on Hyperliquid and may ultimately trade tens of billions of dollars per day, with single-name stock perps potentially outpacing index products, a scenario Flood believes is not priced in (source: Flood on X, Oct 27, 2025). Flood added that retail now has a venue to trade liquid products across major assets around the clock, positioning Hyperliquid as an “everything exchange” for 24/7 markets (source: Flood on X, Oct 27, 2025).