Hyperliquid’s SKHX and SKHY became the platform’s second-most active assets after their combined 24-hour trading volume rose above ETH, according to on-chain analyst Ai Yi on X. SKHX recorded $698 million in 24-hour volume and $494 million in open interest (the total value of outstanding derivatives positions), while SKHY posted $317 million in volume and $117 million in open interest. Despite the paired activity, SKHY was still trading at about a 17% premium to SKHX, a gap that can signal uneven positioning between closely linked contracts.