Tokenized Tesla surges as Elon Musk unveils SpaceX-powered flying Roadster prototype
Volume in Hyperliquid’s Tesla contract hit $47 million in one hour after Elon Musk’s flying Roadster demo, up from $2.8 million, with U.S. stocks closed.
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Summary
- Trading in Hyperliquid’s Tesla contract rose from $2.8 million to $47 million in a single hour overnight. It is already the contract’s second-busiest day since launch.
- The contract’s price rose about 5% to roughly $378. Binance’s Tesla contract was still the largest, with $279 million in 24-hour volume against Hyperliquid’s $159 million, according to RootData.
- The contract tracks Tesla’s stock price but is not a tokenized share. It trades around the clock and allows up to 20x leverage.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
