Precious Metals Lose Luster, Hyperliquid Gold and Silver Contracts Show Resilience
On February 23, data from HyperInsight showed that despite a general cooling in the precious metals sector, gold and silver contracts on Hyperliquid maintained strong trading activity, with 24-hour volume consistently in the platform's top 10.
Gold Contracts: Combined Volume Exceeds $95 Million
In the gold segment, the PAXG token contract and its mirrored GOLD contract reached a combined 24-hour trading volume of $95.01 million, with total open interest hitting $228.3 million, reflecting continued market interest in gold assets.
Silver Contracts: Volume Grows Steadily
The silver-mapped SILVER contract also performed well, recording a 24-hour trading volume of $264 million and $116 million in open interest, showing investor confidence in silver amid broader precious metals corrections.
Copper Contract: Modest Activity
In addition, the copper-mapped COPPER contract saw 24-hour volume reach $31.78 million, with open interest at $24.17 million, indicating moderate market participation compared to gold and silver.