BIG: Hyperliquid HIP-3 hits 1.43B open interest
Explosive growth as tokenized trading demand surges across the platform.
What is happening? $PEPE
• HIP-3 open interest reaches 1.43B
• 100x growth in just 6 months
• Trade .xyz dominates ~90% of activity
• Only 7/30 top pairs are crypto — rest are tokenized assets $DOGE
What this suggests:
• Massive demand for tokenized real-world assets (RWAs) $ADA
• Hyperliquid emerging as a leader in onchain derivatives
• Shift from pure crypto trading → multi-asset tokenization
Context:
• Hyperunit driving expansion into stocks and commodities
• Blurring lines between TradFi and DeFi markets
📊 Market takeaway:
Strong bullish signal for RWA and onchain trading narrative. Growth like this could accelerate capital inflows into platforms bridging crypto and traditional assets.