hip 3 hyperliquid - Hyperliquid HIP-3 open interest exceeds $2 billion, demand for traditional assets on-chain surges
Odaily Planet Daily reports that the open interest (OI) on the HIP-3 market on Hyperliquid reached a peak of approximately $2.38 billion and remains at a high level of around $2.1 billion, representing a year-to-date increase of about 580%.
Growth was primarily driven by "non-crypto assets." Among the top ten trading markets on the platform, only three were crypto pairs; the rest were tokenized stocks and commodities, including the Nasdaq Index, S&P 500, crude oil, gold, and silver.
Analysis indicates that the primary driver is demand for 24/7 trading of traditional assets. Unlike traditional markets, which are limited by trading hours, HIP-3 enables investors to trade stock and commodity exposure around the clock through on-chain settlement and a non-intermediary structure.
Additionally, TradeXYZ accounts for over 90% of the open interest in HIP-3, making it the primary source of liquidity in this segment.
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