Hyperliquid HIP-3 open interest reach record as HYPE jump
Hyperliquid HIP-3 perpetual futures reach record levels as demand for tokenized traditional assets still dey rise. Total HIP-3 open interest climb to about $1.74B on Sunday (+25% WoW from ~$1.39B), then small drop to ~$1.73B on Monday but still near the peak.
Trade.xyz (Hyperunit tokenization venue) dominate HIP-3 with $1.58B open interest (91.3% of total). E also set new activity records: $5.6B 24‑hour volume and 45,300 unique daily traders. The busiest pairs na tokenized commodities, led by WTI ($1.27B volume), followed by Brent ($1.04B) and silver ($1.01B), showing traders prefer continuous 24/7 price discovery—especially during macro-driven oil volatility.
As HIP-3 activity increase, the token HYPE trade around $38.3 (+2.8% 24h, +30.6% 30d). The platform also generate about $14M in weekly fees. Hyperliquid dey prepare HIP-4, aiming to enable permissionless prediction market listings.
Bullish
HIP-3 wey don reach record open interest plus Trade.xyz wey report multi-billion-dollar 24h volume dey show say derivatives dey more used for tokenized RWAs. For traders, dis normally dey support steady demand for venue native token (HYPE) through ecosystem fee/revenue link and better liquidity/flows. Short-term, continued inflows into big commodity pairs (WTI/Brent/silver) fit keep sentiment high and support HYPE. Long-term, HIP-4 roadmap (permissionless prediction market listings) dey suggest wider product expansion, wey fit further boost expectations—though overall market risk still tied to crypto beta and macro-driven commodity volatility.