Wu says that, according to Hyperliquid data, out of the 17 perpetual trading pairs with over $20 million in trading volume in the past 24 hours, 12 belong to HIP-3 covering indices, commodities, and stocks. Among them, the XYZ100 tracking the top 100 US-listed companies, crude oil CL, silver SILVER, and the USA500 tracking the top 500 US-listed companies all had trading volumes exceeding $100 million in the past 24 hours.

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