Hyperliquid HIP-3 Open Interest Reaches $1.74 Billion on Tokenized Oil and Silver Trading
Hyperliquid’s HIP-3 market recorded $5.4 billion in daily trading volume on March 23, with silver and oil-linked products leading activity across tokenized commodity markets.
HYPE
Fact Check
The claim is directly supported by detailed reports from reputable crypto news outlets. The specific figures for open interest ($1.74 billion), daily volume ($5.4 billion), the date (March 23), and the leading assets (oil and silver) all align with the evidence found in 'HYPE jumps as Hyperliquid HIP-3 open interest sets record' and the PANews report.
Summary
Hyperliquid’s HIP-3 market posted a record $5.4 billion in daily trading volume on March 23, adding a major new data point to earlier reports of $1.74 billion in open interest. Silver led trading with about $1.3 billion, followed by WTI crude at $1.2 billion, Brent crude at $940 million, and gold at $558 million. The latest figures indicate that tokenized commodity markets, particularly silver and oil-linked products, drove a sharp rise in activity on the platform.
Terms & Concepts
- HIP-3: A Hyperliquid market or product designation referenced in the source as the venue for the reported trading activity.
- Open interest: The total value of active derivatives positions that remain open and have not yet been closed or settled.
- Tokenized commodity markets: Blockchain-linked markets offering digital instruments that track exposure to commodities such as silver, oil, or gold.