Hyperliquid’s HIP-3 market hits record $1.2 billion in open interest
Hyperliquid's permissionless market reached a record $1.2 billion in open interest, driven by tokenized futures on commodities and equities.Summary
The decentralized exchange Hyperliquid's permissionless platform, known as the HIP-3 market, achieved a record $1.2 billion in open interest on Sunday, indicating growing adoption. This growth is primarily fueled by trading in tokenized futures tied to traditional assets like equities (e.g., XYZ100-USDC at $213 million open interest) and commodities such as oil (CL-USDC at $169.8 million), gold, and silver. This trend highlights the increasing use of decentralized markets for price discovery of Real World Assets (RWAs), particularly over weekends when traditional exchanges are closed. Arca noted that most top markets on Hyperliquid are commodity and equity pairs, validating the platform for meaningful tokenized RWA trading.
(Source：CoinDesk)