- Hyperliquid’s HIP-3 markets reached $1.74B in open interest, up 25% in one week
- Tokenized commodities like oil and silver dominate trading activity
- 24/7 trading continues to attract both crypto and traditional market participants
- Platform growth is driving strong momentum for the HYPE token
Rapid Growth Driven by Tokenized Assets
Hyperliquid’s HIP-3 markets continue to expand quickly, with total open interest hitting a new all-time high of $1.74 billion. This marks a 25% increase in just one week, highlighting strong demand for tokenized trading products.
The growth is largely concentrated on Trade.xyz, which accounts for over 90% of total activity. Most of the top trading pairs are tied to real-world assets, including crude oil, Brent oil, and silver, rather than traditional crypto tokens.
24/7 Trading Unlocks New Demand
A key driver behind this growth is the ability to trade around the clock. Unlike traditional markets, Hyperliquid allows continuous trading, including weekends and off-hours.
This has become especially relevant during periods of geopolitical uncertainty, where price movements in commodities like oil continue even when traditional exchanges are closed.
Momentum Extends Beyond Crypto
The platform’s expansion shows how crypto infrastructure is moving beyond digital assets into broader financial markets. By offering access to tokenized commodities and equities, Hyperliquid is attracting a new class of traders.
At the same time, its native HYPE token has benefited from this growth, posting strong gains over the past month.
