HIP-3 Markets in Hyperliquid Achieve Record Open Interest
- Open Interest (OI) on HIP-3 markets has consistently surpassed $2 billion daily.
- The peak OI reached approximately $2.38 billion on April 4.
- Since early 2026, the OI has grown nearly twelvefold.
- TradeXYZ leads with a trading volume of about $180 billion, representing a significant market share.
- In March alone, oil trading volumes on Hyperliquid exceeded $1.7 billion per day.
The substantial growth in open interest highlights the increasing adoption of decentralized trading solutions within the Hyperliquid network, particularly through the HIP-3 upgrade that allows developers to create markets on-chain by staking HYPE tokens. This shift is attracting diverse traders and expanding market opportunities beyond traditional assets.
With an OI surpassing $2 billion daily and TradeXYZ’s notable contribution of $180 billion in volume, HIP-3 markets are positioning themselves as significant players in the evolving cryptocurrency landscape.
