Open interest across Hyperliquid’s HIP-3 markets just surged 25% in a single week, climbing from $1.39 billion on March 15 to a stunning new all-time high of $1.74 billion this past Sunday.
This latest spike in open interest highlights the explosive expansion of Hyperliquid’s permissionless perpetual futures on tokenized traditional assets, launched about six months ago.
The platform’s ability to keep markets running 24/7 is clearly resonating with traders who want nonstop action on everything from commodities to equities.
By Monday, open interest was at $1.73 billion, but the overall trend remains powerfully upward.
Your completely free resource hub designed to boost your knowledge of cryptocurrencies
Trade.xyz, the standout platform built by Hyperliquid’s own tokenization arm Hyperunit, is holding a massive $1.58 billion in open interest.
That represents a whopping 91.3% of the total HIP-3 open interest, showing just how dominant this corner of the ecosystem has become.
On Monday alone, Trade.xyz broke their own records with 24-hour trading volume reaching $5.6 billion. The unique daily traders hit 45,300.
Tokenized real-world assets with WTI oil leading with $1.27 billion in volume, followed closely by Brent oil at $1.04 billion and silver at $1.01 billion. Hyperliquid’s round-the-clock trading, which delivers continuous price discovery even when traditional markets are closed is definitely part of their success.
That edge really shone through recently as geopolitical tensions in the Middle East sparked wild swings in oil prices, sending traders flocking to platforms where they could react instantly with no waiting for the next trading session.
Hyperliquid’s native token HYPE is currently changing hands around $38.3, up 2.8% in the last 24 hours and a solid 30.6% over the past 30 days.
Hyperliquid just dropped news of HIP-4, which will bring permissionless prediction market listings to the platform.
It’s still in testnet for now, but it could unlock even more growth and keep that open interest climbing higher across the entire ecosystem.
