Gate News reports that on March 17, data shows that the total open interest in Hyperliquid’s HIP-3 markets has reached $1.43 billion, a new all-time high. Since the launch of the first HIP-3 markets six months ago, this metric has increased by over 100 times. Currently, the trading platform trade.xyz, developed by Hyperliquid’s tokenization division Hyperunit, dominates, accounting for about 90% of open interest, with a daily trading volume of approximately $22 billion, also making up about 90% of overall HIP-3 trading activity. Notably, among the top 30 markets by trading volume on trade.xyz, only 7 are cryptocurrency trading pairs; the rest are mostly tokenized traditional assets, including the S&P 500 index (U.S. stock market benchmark), Nasdaq index (U.S. tech stock index), single-stock futures, and commodities such as gold, silver, and crude oil. One of the key reasons for the growth of HIP-3 markets is their support for 24/7 trading, allowing traditional assets to break through the limitations of conventional market trading hours.
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