Overview
- Hyperliquid’s HIP-3 open interest reached a record $1.74 billion after a 25% weekly jump, while the HYPE token rose 7.06% to $40.21.
- Daily trading hit a $5.4 billion peak, with silver near $1.3 billion and WTI and Brent crude over $1.2 billion and $940 million, plus $558 million in gold.
- Traders are using the platform for round-the-clock hedging when traditional brokerages are closed, a draw during recent Middle East oil volatility.
- Trade.xyz, built by Hyperunit, now holds 91.3% of HIP-3 open interest at about $1.58 billion and reported $5.6 billion in 24-hour volume with 45,300 daily traders.
- Institutional signals include a Grayscale S-1 for a HYPE ETF on Nasdaq, while HIP-4 sits in testnet to enable permissionless prediction-market listings.