TLDR:
- Hyperliquid HIP-3 aggregated open interest surged to a record $1.43 billion, a 100x rise in six months.
- WTI crude oil’s 24-hour volume hit $1.39B on Hyperliquid, ranking second behind Bitcoin and above Ethereum.
- Only 7 of the top 30 trade.xyz markets are crypto pairs, while 23 are tokenized traditional assets.
- HYPE token is up over 50% year to date in 2026, outperforming Bitcoin which is down roughly 15%.
Hyperliquid HIP-3 markets have hit a record $1.43 billion in aggregated open interest as of Saturday. This marks a 100x increase since the first HIP-3 markets launched six months ago.
Trade.xyz, built by Hyperunit — Hyperliquid’s tokenization arm — controls nearly 90% of all open interest. Daily trading volumes on the platform now reach $22 billion.
Of the top 30 active markets, only seven are crypto pairs, with the rest being tokenized traditional assets.
24/7 Trading Fuels Demand for Tokenized Assets
The ability for Hyperliquid HIP-3 markets to operate 24/7 is the key driver of this growth. Traditional exchanges shut down on weekends and during off-hours.
This leaves traders without access to real-time price discovery for equities and commodities. HIP-3 markets fill that gap, offering continuous trading across the week.
Trade.xyz’s top 30 markets include contracts for the S&P 500, NASDAQ, and individual stocks. Commodity contracts for gold, silver, and crude oil are also among the most active.
The WTI crude oil perpetual contract alone recorded $1.39 billion in 24-hour trading volume. That placed it second across the platform, behind Bitcoin and ahead of Ethereum.
Among the top 30 markets, 23 are tokenized traditional assets rather than crypto pairs. This distribution reflects a clear expansion beyond the crypto-native user base.
Traders who had no weekend venue for equities and commodities are now active on Hyperliquid. The platform has broadened its reach into a new segment of the market.
Trade.xyz captures roughly 90% of total HIP-3 trading activity. Its growth curve has been nearly vertical since launch six months ago. The platform’s daily volume now stands at $22 billion.
These numbers confirm that tokenized real-world assets are gaining ground on decentralized exchanges.
HYPE Token Outperforms as HIP-4 Announcement Draws Attention
The HYPE token has been one of the strongest-performing crypto assets in 2026. It is up over 50% year to date, while Bitcoin has fallen by approximately 15% in the same period.
This performance sets HYPE apart from the broader market trend. The divergence has drawn attention from traders and market participants.
Hyperliquid has also recently announced HIP-4. This upgrade will enable permissionless listings of prediction markets on the platform.
Prediction markets represent a largely untapped area within decentralized finance. The announcement adds a potential new growth vector for the ecosystem.
Combined with HIP-3’s record open interest, the HIP-4 announcement reinforces Hyperliquid’s ongoing momentum. The platform is expanding beyond crypto trading into new asset classes and market structures.
Tokenized equities and commodities now dominate the top 30 markets on trade.xyz. This shift shows how on-chain finance is evolving to serve a wider audience.
The WTI crude oil contract’s strong performance offers a clear example of this trend. It surpassed Ethereum in 24-hour trading volume, a notable market development.
As traditional markets remain closed on weekends, Hyperliquid HIP-3 continues to offer a viable alternative. The platform’s structural advantage in 24/7 trading may continue driving open interest higher.
The post Hyperliquid HIP-3 Surpasses $1.43B Open Interest as 24/7 Tokenized Asset Trading Expands appeared first on Blockonomi.
Source: https://blockonomi.com/hyperliquid-hip-3-surpasses-1-43b-open-interest-as-24-7-tokenized-asset-trading-expands/
