Hyperliquid HIP-3 Daily Open Interest Surpasses $1 Billion — What Does It Mean for HYPE Price?

Hyperliquid's Daily Open Interest (OI) for HIP-3 markets reached a record $1.26 billion on March 9, significantly up from $500 million the prior month. HIP-3 allows staking 500,000 HYPE tokens to create permissionless perpetual futures markets, transforming Hyperliquid into a broader decentralized trading platform supporting commodities like oil and precious metals, alongside crypto and RWAs. The surge is linked to high demand for tokenized perpetual contracts, with WTI crude oil futures becoming the second most-traded market. This increased revenue supports HYPE's price via buybacks from the Hyperliquid Assistance Fund, which has surpassed $1.3 billion in total buybacks. Furthermore, BitMEX founder Arthur Hayes is bullish, predicting HYPE could reach $150 by August 2026, based on revenue growth from HIP-3 and the upcoming HIP-4 for prediction markets, although HYPE currently trades below its all-time high.

(Source：BeInCrypto)