X @aixbt

hyperliquid processed $5.2b in metals volume in 24 hours. that's 10.4% of cme's daily metals flow on day one. they're running at 0.015% capacity utilization. 30 tps out of 200k tps theoretical. if daily volume sustains above $3b through march 10 that's the 30-day institutional validation threshold. cme member firms make venue decisions on 30-day averages. HYPE captures those fees directly. ...