The post Hyperliquid’s HIP-3 custom markets go live with $500M+ in 24-hour trading volume appeared on BitcoinEthereumNews.com. Hyperliquid recorded one of its busiest trading days of the month after launching HIP-3 custom markets, with its Hyperliquid interface showing more than $500 million in trading volume over the past 24 hours poured into synthetic markets linked to equity underlyings. HIP-3 introduced xyz, flx, and vnti to the decentralized exchange, which currently supports more than 20 tokens. Most of these track equity benchmarks or single-stock exposures using synthetic perpetual contracts.  The broad-based XYZ100 that traders have equated to the Nasdaq100 index led the day with $320 million in trading volume. NVDA followed with $66 million, while GOOGL reached $45 million.  Tesla, Microsoft, and Palantir markets each reported between $8 million and $28 million in daily volume. Their open interest figures were concentrated between $1.4 million and $6.3 million, a rather healthy positioning even among individual equities with smaller relative market caps.  HIP-3 market activity crosses $500 million in daily volume According to Hyperliquid’s developer notes forum, HIP-3 allows any user who locks a defined amount of HYPE tokens to create their own perpetual futures markets on the Hyperliquid blockchain. The requirement initially stands at 500,000 HYPE, and stakers can access a reward system in which market creators earn 50% of the transaction fees produced by their listings. The 24-hour trading session also featured “growth mode,” first deployed during HIP-3’s activation to accelerate liquidity formation by cutting taker fees from 0.045% to as low as 0.0045% and 0.009%, more than 90% down from the standard mode.  Protocol fees and maker rebates were also reduced by 90%, creating one of the lowest-cost environments in decentralized finance for new market listings. The strong volume was accompanied by sizable price upticks in many of the HIP-3 synthetic tokens. META-USDC topped the biggest earners by climbing 4.44% to $638.69 after gaining 27.18 points. PLTR-USDC… The post Hyperliquid’s HIP-3 custom markets go live with $500M+ in 24-hour trading volume appeared on BitcoinEthereumNews.com. Hyperliquid recorded one of its busiest trading days of the month after launching HIP-3 custom markets, with its Hyperliquid interface showing more than $500 million in trading volume over the past 24 hours poured into synthetic markets linked to equity underlyings. HIP-3 introduced xyz, flx, and vnti to the decentralized exchange, which currently supports more than 20 tokens. Most of these track equity benchmarks or single-stock exposures using synthetic perpetual contracts.  The broad-based XYZ100 that traders have equated to the Nasdaq100 index led the day with $320 million in trading volume. NVDA followed with $66 million, while GOOGL reached $45 million.  Tesla, Microsoft, and Palantir markets each reported between $8 million and $28 million in daily volume. Their open interest figures were concentrated between $1.4 million and $6.3 million, a rather healthy positioning even among individual equities with smaller relative market caps.  HIP-3 market activity crosses $500 million in daily volume According to Hyperliquid’s developer notes forum, HIP-3 allows any user who locks a defined amount of HYPE tokens to create their own perpetual futures markets on the Hyperliquid blockchain. The requirement initially stands at 500,000 HYPE, and stakers can access a reward system in which market creators earn 50% of the transaction fees produced by their listings. The 24-hour trading session also featured “growth mode,” first deployed during HIP-3’s activation to accelerate liquidity formation by cutting taker fees from 0.045% to as low as 0.0045% and 0.009%, more than 90% down from the standard mode.  Protocol fees and maker rebates were also reduced by 90%, creating one of the lowest-cost environments in decentralized finance for new market listings. The strong volume was accompanied by sizable price upticks in many of the HIP-3 synthetic tokens. META-USDC topped the biggest earners by climbing 4.44% to $638.69 after gaining 27.18 points. PLTR-USDC…