The milestone, disclosed by HyperliquidNews on X, points to rising activity in HIP-3-linked derivatives markets on the crypto trading platform.
Hyperliquid's HIP-3 open interest has exceeded $4 billion for the first time, according to a post from HyperliquidNews on X. Open interest refers to the total value of outstanding derivatives contracts that have not been closed, and the threshold suggests growing participation and liquidity in HIP-3-related trading on the platform.