- HIP-3 markets now generate nearly half of Hyperliquid's volume.
- Onchain stock perpetuals continue gaining popularity.
- Traders can access stocks around the clock.
- The sector remains in its early stages.
Hyperliquid's HIP-3 permissionless perpetual markets have rapidly grown from a niche feature into nearly half of the platform's total perpetual trading volume.
Much of the growth has been driven by increasing demand for perpetual contracts tied to popular stocks such as Nvidia and Tesla, along with broader indexes like the Nasdaq-100.
Unlike traditional stock markets, these products trade 24/7, allowing traders to react immediately to earnings reports, economic news, and global events without waiting for exchanges to open.
Because the underlying stocks only trade during regular market hours, pricing outside those hours relies on oracle data and funding mechanisms, making this a relatively new market structure.
The rapid adoption highlights growing interest in bringing traditional financial assets onchain through decentralized trading platforms.
