Oil and metals perpetuals dominated Hyperliquid’s HIP-3 (permissionless) contracts, capturing over 67% of volume. This marks a massive shift from index-heavy trading to real-world assets as traders hedge against geopolitical volatility and underperforming altcoins. $HYPE

HYPEUSDT
Perp
38.51
-3.10%

ONDOUSDT
Perp
0.2685
-0.07%

XAUUSDT
Perp
4,510.73
+0.29%