Hyperliquid’s HIP-3 trading volume exceeds $10B milestone
Summary
Hyperliquid's HIP-3 markets have achieved a significant milestone, surpassing $10 billion in total cumulative trading volume since the system's launch, according to Hyperzap data. This growth reflects the adoption of decentralized trading on the platform. The HIP-3 protocol enables builders to create and operate their own perpetual futures markets by staking HYPE tokens and winning a listing auction, effectively transforming Hyperliquid from a closed Decentralized Exchange (DEX) into an open platform where various assets or indices can be listed for perpetual trading.
(Source:Crypto Briefing)