Open interest in the HIP-3 markets on the Hyperliquid platform reached $2.38 billion last week, its highest level ever. However, with the more cautious atmosphere observed in the markets in recent days, the amount of open interest decreased by 12 percent to approximately 2.1 billion dollars, but it is still very close to the peaks of the year.
Annual growth in HIP-3 draws attention
While the open position in the HIP-3 market at the beginning of the year was only around 280 million dollars, it exceeded the 1 billion dollar mark within a month and surpassed the 2 billion dollar level before the end of the quarter. Since the beginning of the year, the open interest rate in HIP-3 has increased by over 580 percent. A significant part of this rapid increase is attributed to the contribution of TradeXYZ; More than 90 percent of the total open position on the platform consists of transactions of this institution alone.
Liquidity that goes beyond crypto money
Looking at the top ten markets with high volumes, only three on Hyperliquid consist of cryptocurrency pairs, while the remaining seven markets feature tokenized stock and commodity futures. Here, in addition to Nasdaq transactions, products such as oil, gold, silver and S&P 500 began to be traded intensively.
Thanks to crypto-based settlement and transactions that take place without the need for an intermediary, investors can take stock and commodity positions outside traditional market hours. Compared to classical finance platforms, HIP-3 stands out by offering 24/7 transaction opportunities. CryptoAppsyAccording to , the total open position in HIP-3 is currently around 2.1 billion dollars.
Challenging traditional finance
Currently, major futures exchanges such as CME, ICE and Eurex do not offer stock futures contracts 24/7; It is not possible to make blockchain-based instant transactions on platforms such as Robinhood and Interactive Brokers. HIP-3 fills this gap thanks to its integrated structure with the crypto ecosystem.
It is stated that if the platform reaches 5 billion dollars in total open position, professional liquidity providers operating on major exchanges such as CME and CBOE are expected to show interest in Hyperliquid.
The opening of HIP-3 markets to spot tokenized stocks is seen as a strong possibility; It is stated that this move could make the platform a more direct competitor of classical exchanges and speed up the regulation process.
Experts point out that the platform is not limited to derivative transactions only, but may take steps to enable direct tokenization and trading of stocks in the future. Such a development will both diversify investments and lead to evaluations in new areas in terms of legislation.
The increasing transaction volume and diversified instrument range in HIP-3 once again showed how quickly decentralized finance can grow in financial markets.
