Hyperliquid's $4.13 Billion RWA Boom Raises Concerns Over Monopoly Control

Hyperliquid's open interest in traditional asset markets (HIP-3) has reached a new all-time high of $4.13 billion, surpassing previous records according to Hyperscreener ASXN.

The platform saw an extraordinary jump in daily trading volume, increasing by 229% to reach $4.87 billion, exceeding the amount of capital held on the platform.

Traders are shifting from memecoin speculation to 24/7 trading in tokenized stocks, commodities, and indices on blockchain rails, with contracts tied to shares of memory chip manufacturers SK Hynix and Micron Technology among the top-traded markets.