Hyperliquid HIP-3 Markets Hit $1.43B Open Interest

Hyperliquid's HIP-3 markets have reached an open interest of $1.43 billion, a six-fold increase from when they launched six months ago.

The growth is primarily driven by tokenized traditional assets, rather than crypto pairs.

Trade(dot)xyz, Hyperunit's platform built for tokenization, accounts for nearly 90% of all HIP-3 open interest and processes $22 billion in daily trading volume, roughly 90% of total activity across all HIP-3 markets.

The majority of the top 30 markets on Trade(dot)xyz are non-crypto instruments, including tokenized equity futures, S&P 500 and NASDAQ contracts, individual stock positions, and commodity contracts for gold, silver, and crude oil.