Summary
- Hyperliquid’s HIP-3 market open interest (OI) surpassed $1.43 billion, up more than 100-fold from about six months ago.
- Trade.xyz, built by Hyperunit, accounts for about 90% of total OI, driving the growth.
- Among the top 30 markets on Trade.xyz, many are made up of tokenized traditional assets such as the S&P 500, the Nasdaq, single-stock futures, and gold, silver and crude oil, indicating the user base is expanding into traditional financial assets.
Forecast Trend Report by Period
Open interest (OI) in the HIP-3 market on decentralized derivatives exchange Hyperliquid has surged.
According to crypto media outlet The Block on the 17th (local time), OI in the HIP-3 market surpassed $1.43 billion as of the 14th (local time). That marks an increase of more than 100-fold from its launch about six months ago.
In particular, Trade.xyz, built by Hyperunit—Hyperliquid’s tokenization arm—accounted for about 90% of total OI, leading the growth.
Of the top 30 markets on Trade.xyz, only seven are crypto trading pairs, while the rest consist of tokenized traditional assets such as the S&P 500, the Nasdaq, single-stock futures, and gold, silver and crude oil.
The outlet said the fact that the HIP-3 market operates 24/7 year-round is a competitive advantage, and analyzed that its user base is expanding from crypto-focused users to traditional financial assets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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