Hyperliquid HIP-3 Open Interest Hits $1.74B, Up 25% in One Week

Hyperliquid’s HIP-3 markets saw aggregated open interest climb to $1.74 billion on Sunday, marking a 25% increase from $1.39 billion just one week earlier. The surge represents a new all-time high for the permissionless perpetual futures platform, which launched six months ago and focuses on tokenized traditional assets.

Trade.xyz, developed by Hyperliquid’s tokenization arm Hyperunit, continues to dominate, accounting for $1.58 billion, or 91.3% of total HIP-3 open interest. The platform recorded 24-hour trading volume peaks of $5.6 billion and 45,300 unique daily traders. Leading pairs are tied to tokenized commodities, including WTI oil ($1.27B), Brent oil ($1.04B), and silver ($1.01B).

Momentum Driven by 24/7 Trading and Market Volatility

The growth is fueled by Hyperliquid’s 24/7 trading model, allowing continuous price discovery beyond traditional market hours. Recent Middle East geopolitical tensions boosted oil volatility, pushing traders to platforms like HIP-3 for nonstop market access.

Hyperliquid’s native token HYPE has benefited from the platform’s expansion, trading at $38.3, up 2.8% over 24 hours and 30.6% over the past month. Meanwhile, HIP-4 is in testnet, aiming to introduce permissionless prediction markets and expand the ecosystem further.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss