PANews
PANews|Mar 18, 2026 00:20
[Hyperliquid HIP-3 Market's Single-Day Open Interest Reaches $1.43 Billion, Setting a Historical High] According to The Block, the open interest (OI) of Hyperliquid's HIP-3 market reached a record $1.43 billion last Saturday, marking a growth of over 100x compared to when the first batch of HIP-3 markets was launched six months ago. Trade.xyz, built by Hyperliquid's tokenization division Hyperunit, dominates the market, accounting for nearly 90% of HIP-3's total open interest and achieving a daily trading volume of $22 billion, which represents approximately 90% of HIP-3's total activity. Among the top 30 markets on Trade.xyz, only seven are cryptocurrency trading pairs, while the rest are tokenized "traditional" assets, such as S&P 500, Nasdaq, individual stock equity futures, as well as commodity contracts for gold, silver, and crude oil. The HIP-3 market operates 24/7, providing price discovery for stocks and commodities during weekends and non-trading hours when traditional exchanges are closed, attracting a group of investors who previously lacked access to such trading venues.
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