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Hyperliquid’s HIP-3 market sees trading volume exceed $5 billion

Crypto Briefing
Hyperliquid's HIP-3 custom markets have surpassed $5 billion in total trading volume.

Summary

Hyperliquid's HIP-3 custom markets have achieved over $5 billion in trading volume, signaling rapid growth for the decentralized perpetuals exchange beyond standard crypto derivatives. HIP-3 empowers users to create and deploy permissionless custom perpetual markets, including synthetic stock indices, which has led to the launch of new markets linked to major tech stocks. Operating on its own layer-1 blockchain, Hyperliquid is positioning itself as a competitor to centralized exchanges by offering high-performance trading and expanded synthetic asset options.

(Source:Crypto Briefing)