Hyperliquid HIP-3 market open interest reached a record high of $1.43 billion.

Data shows that Hyperliquid's HIP-3 market open interest has reached a record high of $1.43 billion. This metric has grown more than 100 times since the initial HIP-3 markets launched six months ago. Currently, trade.xyz, a trading platform built by Hyperliquid's tokenization division Hyperunit, dominates, contributing approximately 90% of the open interest. The platform's daily trading volume is approximately $22 billion, also accounting for about 90% of overall HIP-3 trading activity. Notably, among the top 30 markets by trading volume on trade.xyz, only 7 are crypto asset trading pairs; the majority of the rest are tokenized traditional assets, including S&P 500, Nasdaq indices, stock futures, and commodity contracts such as gold, silver, and crude oil. Analysts believe that one of the key reasons for the growth of the HIP-3 market is its support for 24/7 trading, enabling traditional assets to break through the time constraints of traditional market trading.