Hyperliquid’s HIP-3 Open Interest Notched $793M ATH On Monday

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Layer-1 blockchain network Hyperliquid has seen an explosion in trading through “Builder-Deployed Perpetuals” this month, hitting a new all-time high in open interest on Monday.

In a post on X, Hyperliquid attributed the rapid adoption of HIP-3 — a permissionless market creation framework — to a surge in commodities trading.

“HIP-3 open interest reached an all-time high of $790M, driven recently by a surge in commodities trading. HIP-3 OI has been hitting new ATHs each week. A month ago, HIP-3 OI was $260M.”

Source: Hyperliquid

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Hyperliquid’s HIP-3 Open Interest Notched $793M ATH On Monday


Layer-1 blockchain network Hyperliquid has seen an explosion in trading through “Builder-Deployed Perpetuals” this month, hitting a new all-time high in open interest on Monday.

In a post on X, Hyperliquid attributed the rapid adoption of HIP-3 — a permissionless market creation framework — to a surge in commodities trading.

“HIP-3 open interest reached an all-time high of $790M, driven recently by a surge in commodities trading. HIP-3 OI has been hitting new ATHs each week. A month ago, HIP-3 OI was $260M.”

Source: Hyperliquid

HIP-3…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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