Trade.xyz Sees Record High in Traditional Asset Open Interest

On March 30, Trade.xyz reported a significant increase in open interest for traditional assets, according to BlockBeats On-chain Detection. The contracts, deployed through HIP-3 on the Hyperliquid platform, reached $1.65 billion in daily open interest. Despite a slight decline in trading volume to $2.07 billion, the open interest accounted for over 90% of the HIP-3 market share. Additionally, geopolitical tensions have influenced the oil market, maintaining its position as the leading traditional asset on the platform. The combined open interest for WTI and Brent crude oil surpassed $774 million, with a trading volume of $497 million.