Hyperliquid’s HIP-3 markets hit $1.43 billion open interest fueled by 24/7 tokenized equities, commodities trading

Aggregated open interest (OI) across Hyperliquid's HIP-3 markets reached a record $1.43 billion, marking over a 100x increase since their launch six months prior. Trade.xyz, Hyperliquid's tokenization arm, accounts for nearly 90% of this OI and daily trading volumes. A significant driver of this growth is the inclusion of tokenized traditional assets, such as equity futures (S&P 500, NASDAQ) and commodities (gold, silver, crude oil), alongside only seven crypto pairs among the top 30 markets. The key advantage attracting traders is the 24/7 operation of HIP-3 markets, enabling price discovery for these assets during traditional market closures, thus expanding the user base beyond crypto-native participants. Furthermore, the HYPE token has seen strong performance, and Hyperliquid is planning future growth via HIP-4, which will allow permissionless listings of prediction markets.

(Source：The Block)