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Hyperliquid Lists Changxin Technology Perpetual Futures at $7.2, Valuing Chip Firm at 3.5 Trillion Yuan

Derivatives Data Capital Flow

2026-07-26 06:25:05

HYPE2.20%

According to Guru Club, Hyperliquid listed perpetual futures for Changxin Technology on July 15 at $7.2 per share (approximately 52 yuan), implying a market valuation of about 3.5 trillion yuan—roughly six times the IPO offering value of 579 billion yuan. The contract pricing falls within the optimistic range of institutional estimates (2–3 trillion yuan expected). This marks the first time an on-chain perpetual contract has targeted an A-share ChiNext IPO, providing overseas investors with a direct entry point into the "China semiconductor replacement" narrative. The contract generated $1.32 million in trading volume and $2.41 million in open interest within 24 hours of listing.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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In-Depth Analysis

Hyperliquid Stocks Trading Surpasses Crypto for First Time at $26B

Lucas Bennett14h ago

Hyperliquid Records $26B in Stock Trading Volume, Surpassing Crypto for First Time

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Hyperliquid RWA Trading Volume Exceeds All Other Categories Combined

Daniel Carter07-24 11:57

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pattharaboon

· 5h ago

2026 GOGOGO 👍👍👍👍👍👍 👍👍👍👍

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