Hyperliquid’s HIP-3 open interest jumps 25% in one week to $1.74 billion
Hyperliquid's HIP-3 open interest reached a record $1.74 billion, marking a 25% surge in one week, driven by tokenized traditional assets.Summary
Aggregated open interest across Hyperliquid's HIP-3 markets, which feature permissionless perpetual futures tied to tokenized traditional assets, surged 25% in one week to hit an all-time high of $1.74 billion on Sunday, up from $1.39 billion on March 15. Trade.xyz, built by Hyperliquid's tokenization arm Hyperunit, dominates this market, accounting for $1.58 billion, or 91.3%, of the total HIP-3 open interest. The platform's success is attributed to its 24/7 trading capability, which is particularly attractive for commodities like WTI oil, Brent oil, and silver, especially amid geopolitical volatility. Furthermore, Hyperliquid's native HYPE token has seen positive momentum, trading up 30.6% over the last 30 days. The ecosystem is also expanding, with the introduction of HIP-4, which will bring permissionless prediction market listings to the testnet phase.
(Source：The Block)