Hyperliquid (HYPE) Just Hit $5.2B Metals Volume in 1 Day: Here’s How to Trade Silver and Gold On-Chain

Hyperliquid (HYPE) just posted a massive number in metals trading that immediately turned heads across both crypto and traditional finance. In the last 24 hours, the platform processed $5.2 billion in metals volume, which equals about 10.4% of CME’s daily metals flow on day one.

That’s an eye-opening comparison, especially considering Hyperliquid is still operating at only a tiny fraction of its potential throughput.

The most interesting part is the scale still left on the table. Hyperliquid is currently running around 30 transactions per second, even though the network’s theoretical ceiling is far higher.

If metals volume holds above $3 billion per day through March 10, that becomes a serious benchmark. Many institutional firms evaluate new trading venues using 30-day averages, and sustained flow is often what pushes large players to commit.

In simple terms, this isn’t just a one-day spike. It could be the beginning of real institutional validation, and Hyperliquid captures trading fees directly as activity grows.

• Why This Metals Volume Matters
• How to Trade Silver and Gold On-Chain on Hyperliquid
• Why On-Chain Metals Trading Could Be the Next Big Shift

Why This Metals Volume Matters

Most people still associate on-chain trading with crypto tokens, but gold and silver are now becoming major markets in the same ecosystem. The Silver contracts alone have started pulling in enormous daily volume, sometimes rivaling large altcoins on the platform.

That’s a big deal because metals are traditionally some of the most liquid and institution-dominated markets in the world. When a decentralized exchange starts taking meaningful share from legacy venues, it signals that the infrastructure is evolving fast.

Hyperliquid HYPE)  isn’t just hosting speculative crypto trades anymore. It’s starting to look like a real multi-asset venue where traders can express views on global markets directly on-chain.

How to Trade Silver and Gold On-Chain on Hyperliquid

Trading metals on Hyperliquid works in a surprisingly straightforward way. The platform allows users to trade perpetual futures tied to assets like silver and gold, but without relying on a centralized exchange account.

The first step is connecting a Web3 wallet, which gives access without handing custody over to anyone else. Once connected, traders deposit USDC as collateral, and that balance becomes the base for opening positions.

From there, markets like Silver-USDC or Gold-USDC can be selected directly in the trading interface. Just like with crypto perpetuals, it’s possible to go long if prices are expected to rise, or short if downside is expected.

The experience feels familiar to anyone who has traded derivatives before, but the key difference is that it happens fully on-chain.

Metals trading on Hyperliquid also runs 24/7, which removes the limitations of traditional commodity market hours and makes it accessible globally.

Hyperliquid’s metals markets are growing quickly, and trading fees matter more as volume scales up. Using our exclusive code gives a discount on trading costs and helps users save from day one.

One interesting new development alongside all of this is that silver is no longer only a traditional futures trade. On Hyperliquid, silver can now be traded fully on-chain, meaning no-KYC access, instant execution, and the ability to trade even during weekends, unlike traditional TradFi metals platforms that shut down outside market hours. For traders who want flexibility this is a major change and with our link and code CAPTAIN4, trading fees also come with a discount.

_****Analyst Warns of Upcoming Crypto Storm as Bitcoin and Silver Show New Weakness**

Why On-Chain Metals Trading Could Be the Next Big Shift

Gold and silver have always been viewed as the classic safe-haven assets, but access to these markets has historically been locked behind legacy brokers, restricted hours, and heavy infrastructure.

On-chain trading changes that dynamic. Hyperliquid (HYPE) is showing that commodities liquidity can migrate into decentralized systems, with transparent execution and constant availability. That combination is exactly what draws both crypto-native traders and larger firms looking for new venues.

A $5.2B metals day isn’t just a headline. It’s proof that on-chain markets are expanding beyond crypto, and silver and gold are now part of that evolution.

If volume stays consistent into March, Hyperliquid (HYPE) may not just be experimenting anymore, it may be establishing itself as a real competitor in global metals trading.