Precious Metals Futures Trading Surges, Gold and Silver Contracts on Hyperliquid See Over $1.3 Billion in 24-hour Trading Volume

**January 28th — Ethereum co-founder Vitalik Buterin told Forsight News in an interview that Polymarket’s most hyped markets right now focus on short-term bets: “Which team will win next week?” or “Will Bitcoin’s price rise or fall in one hour?” These wagers have little long-term social significance, he noted. While prediction markets are a successful tool in theory, Buterin argued we need more meaningful use cases.** **Buterin also shared his personal experience: last year, he turned $440,000 in principal into $710,000 on Polymarket (netting $70,000 in profits). His strategy? Target markets in “mania mode” and bet that “crazy things won’t happen.” When market sentiment hits irrational “mania mode,” betting against the hype usually pays off, he explained.**

On January 28th, market data shows HYPE has continued to rally, briefly surging past $34. It’s currently trading at $33.9, with a 24-hour price gain of 27.6% and a 24-hour trading volume of $2.1 billion.