ETH Overtakes BTC on Hyperliquid as 24H Volume Hits $1.1B

The flip in relative volumes on a single venue is less a statement about Ethereum than about how easily activity can be manufactured. If the surge is tied to a suspected exploit rather than organic flow, it highlights a structural vulnerability: venues whose pricing depends on external order books can inherit the weaknesses of the platforms they reference. The open question is whether Hyperliquid's volume mix normalizes once the suspected mechanism is addressed, and whether similar dependencies elsewhere draw scrutiny.