Hyperliquid’s permissionless market hits record $1.2 billion in open positions as oil and equity futures boom

Trading has been driven largely by tokenized futures on equities and commodities such as oil, gold and silver. What to know : Open interest on Hyperliquid’s permissionless HIP-3 perpetual futures market hit a record $1.2 billion. Trading has been driven largely by tokenized futures on equities and commodities such as oil, gold and silver, with only a minority of top markets tied to crypto pairs. The XYZ100-USDC tokenized equity contract and CL-USDC oil contract now lead in open interest and volume, reflecting heightened use of decentralized platforms for price discovery, especially during volatile oil markets and weekend trading.(Coindesk)