Group 1 - The core viewpoint of the article highlights a significant increase in the trading volume of tokenized TradFi, which accounted for 31.6% of all Hyperliquid trading volume by the end of January, up from less than 5% the previous month [1] - Since the end of December, the 7-day average share of TradFi has risen from 4.5% to over 20%, indicating a rapid growth in interest and participation in this sector [1] - The total trading volume on Hyperliquid reached $261.8 billion, with increasing shares in metals, stock indices, and equities markets, suggesting a swift shift in demand for Perp DEX towards macro exposure [1]