Hyperliquid HIP-3 market share of trading volume rises to nearly 50%, on-chain stock trading demand grows

Odaily Odaily星球日报讯 Hyperliquid's HIP-3 market has experienced rapid volume growth. HIP-3 is a permissionless framework for developers to deploy perpetual contract markets on Hyperliquid. Its share of Hyperliquid's total perpetual contract trading volume has risen from about 2% at the beginning of the year to nearly 50% currently.

This growth coincides with a rise in retail interest for on-chain stock trading. The current HIP-3 market is mainly dominated by TradeXYZ, which has launched markets including XYZ100 (tracking the Nasdaq 100 index) and contracts related to individual stocks such as Nvidia and Tesla.