Hyperliquid: Stocks Top Crypto Volumes

Hyperliquid posted higher stock trading volumes than crypto assets for the first time, with ARK Invest calling the crossover a structural break in market flows. The platform's order book data showed equities pulling ahead amid broader rotation out of digital assets, echoing patterns seen in the prior six months when traditional instruments gained ground during risk-off periods. Decrypt reported the development directly from platform metrics released on July 24, 2026.