Hyperliquid HIP-3 Market Open Interest Reaches $1.43 Billion, Setting a New All-Time High

Odaily News According to data, the total Open Interest for Hyperliquid's HIP-3 markets has reached $1.43 billion, setting a new all-time high. Since the first batch of HIP-3 markets launched six months ago, this metric has grown by over 100 times.

Currently, the trading platform trade.xyz, built by Hyperliquid's tokenization business unit Hyperunit, dominates the market, contributing approximately 90% of the open interest. The platform's daily trading volume is around $22 billion, also accounting for about 90% of the overall HIP-3 trading activity.

Notably, among the top 30 markets by trading volume on trade.xyz, only 7 are crypto asset trading pairs. The majority of the rest are tokenized traditional assets, including S&P 500, Nasdaq indices, single-stock futures, and commodity contracts such as gold, silver, and crude oil.

Analysis suggests that one of the key reasons for the growth of HIP-3 markets is their support for 24/7 trading, enabling traditional assets to break free from the constraints of traditional market trading hours.