Top 100 Hyperliquid Addresses Generated 81.3% of Trading Volume

According to the latest market update, Hyperliquid’s HIP-3 markets hit a record $1.43 billion in open interest, while the platform also introduced HIP-4 for permissionless prediction markets.

HYPE

16d ago

Fact Check

The statement is fully supported by data from Hyperliquid Hub and reports from The Block and PANews. The specific figure of 81.3% for the top 100 addresses and the $1.43 billion open interest record for HIP-3 markets are consistently reported across multiple authoritative crypto news outlets in March 2026.

Summary

Hyperliquid’s HIP-3 markets reached a record $1.43 billion in open interest, extending the platform’s rapid growth in tokenized market activity. Trade.xyz accounted for nearly 90% of HIP-3 open interest and posted about $22 billion in daily volume, indicating that activity in the segment remains highly concentrated. Most of the top HIP-3 markets were tokenized traditional assets tied to the S&P 500, Nasdaq, stocks, gold, silver, and oil. Hyperliquid also announced HIP-4, which is designed to enable permissionless prediction markets, adding a new market category alongside the expansion of tokenized traditional asset trading.

Terms & Concepts

HIP-3: A Hyperliquid market segment highlighted in the update, where activity has grown sharply and is dominated by tokenized traditional asset markets.
Open interest: The total value of outstanding derivatives positions that remain open, commonly used to measure participation and market size.
Permissionless prediction markets: Prediction markets that users can create or access without prior approval, typically using blockchain-based infrastructure to trade on event outcomes.