Hyperliquid HIP-3 Market Open Interest Hits All-Time High
BlockBeats News, March 18th, the total Open Interest of Hyperliquid's HIP-3 market reached $1.43 billion on March 15th, hitting a new all-time high. Since the launch of the first batch of HIP-3 markets six months ago, this metric has grown by over 100 times.
Currently, the trading platform trade.xyz, built by Hyperliquid's tokenization business unit Hyperunit, dominates, contributing approximately 90% of the open interest. The platform's daily trading volume is around $22 billion, also accounting for about 90% of the overall HIP-3 trading activity. It is worth noting that among the top 30 markets by trading volume on trade.xyz, only 7 are cryptocurrency pairs, with the majority being tokenized traditional assets, including the S&P 500, Nasdaq Index, single-stock futures, as well as commodity contracts such as gold, silver, and crude oil.
Analysis believes that one of the key reasons for the growth of the HIP-3 market is its support for 24/7 trading, allowing traditional assets to break through the time limits of traditional market trading.
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