Aggregated open interest across Hyperliquid’s HIP-3 markets rose to a new peak of $1.74 billion on Sunday, surging 25% from $1.39 billion on March 15.
The increase extends the rapid expansion of Hyperliquid’s permissionless perpetual futures tied to tokenized traditional assets, which launched roughly six months ago. Sunday’s figure marked an all-time high for HIP-3, with open interest slipping to $1.73 billion on Monday.
According to The Block’s data dashboard, Trade.xyz — built by Hyperliquid’s tokenization arm Hyperunit — continues to dominate the market with $1.58 billion in open interest. This is 91.3% of the total HIP-3 open interest.
On Monday, Trade.xyz reported new all-time highs, with 24-hour volume peaking at $5.6 billion and unique daily traders reaching 45,300. Top-performing pairs on the platform are tied to tokenized traditional assets, led by WTI oil with $1.27 billion in 24-hour volume, followed by Brent oil at $1.04 billion and silver at $1.01 billion.
The strong performance of tokenized real-world assets on the platform is largely driven by Hyperliquid’s 24/7 trading capability, which enables ongoing price discovery for commodities and equities beyond traditional market hours.
The trend became especially evident as geopolitical tensions in the Middle East drove volatility in oil prices, pushing traders toward 24/7 platforms for continuous price discovery.
Hyperliquid’s native HYPE (HYPE) token has also benefited from the platform’s momentum. According to The Block’s crypto price page, HYPE is trading at $38.3, up 2.8% in the past 24 hours and 30.6% in the past 30 days.
Meanwhile, Hyperliquid recently announced HIP-4, introducing permissionless prediction market listings, potentially opening up room for further growth of the ecosystem. HIP-4 is currently in the testnet phase.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
