Data: Hyperliquid HIP-3 market open interest reaches 1.43 billion USD, setting a new historical high
Data shows that the total open interest of Hyperliquid's HIP-3 market has reached $1.43 billion, setting a new historical high. Since the launch of the first HIP-3 markets six months ago, this metric has achieved over 100 times growth.
Currently, the trading platform trade.xyz, developed by Hyperliquid's tokenization business unit Hyperunit, dominates the market, contributing about 90% of the open interest. The platform's daily trading volume is approximately $22 billion, also accounting for about 90% of the overall trading activity in HIP-3. Notably, among the top 30 markets by trading volume on trade.xyz, only 7 are cryptocurrency trading pairs, while the majority are tokenized traditional assets, including the S&P 500, Nasdaq index, individual stock futures, and commodity contracts such as gold, silver, and crude oil.
Analysis suggests that one of the key reasons for the growth of the HIP-3 market is its support for 24/7 trading, allowing traditional assets to break through the time constraints of traditional market trading hours.
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