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Hyperliquid's HIP-3 market hits $1.74B open interest, led by tokenized oil and silver trading.

Protocol Fundamentals
24 Mar 2026
Crypto news
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Bullish
pluang ai news

Hyperliquid's HIP-3 market reached a record $1.74 billion in open interest, rising 25% in one week, driven by tokenized oil and silver trading pairs on Trade.xyz. The platform reported $5.6 billion in 24-hour volume and 45,300 unique traders, highlighting growing demand for 24/7 perpetual futures on traditional assets amid market volatility. Hyperliquid's native token HYPE rose 30.6% over 30 days as the platform generated $14 million in weekly fees and prepares to expand with HIP-4, enabling permissionless prediction markets.

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