No Summary provided as the original text is short
- USDT: A U.S. dollar-pegged stablecoin (crypto token tied to fiat) issued by Tether and widely used for trading and settlement in digital asset markets.
- Hyperliquid: A cryptocurrency trading platform focused on on-chain markets, where users trade digital assets through blockchain-based infrastructure.
- HIP-3: A Hyperliquid-related trading framework or program referenced by the platform’s market activity data, used here as the basis for reported trading volume.