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1/ Midweek Hyperliquid Report 2026-08-06 Hyperliquid's HIP-3 story has crossed from sideshow to main stage: the @tradexyz builder book turned over roughly $5.27Bn in the past 24h against about $3.14Bn across every native HL perp combined, so tokenised equities, memory-chips and commodities now trade more than crypto on the venue. $SNDK alone churned 432% of its $0.18Bn OI on the day, edging $ETH by volume, and the whole turnover leaderboard is @tradexyz names. (i) Forced flow (ii) Funding and the algo tape (iii) HIP-3 builder markets#SandiskBeatAndBuyback #CircleArcLaunch #EarningsRealityCheck