Trade.xyz Reaches Record $1.88 Billion HIP-3 Open Interest on Hyperliquid

Hyperliquid HIP-3 market open interest rose to $1.88 billion on March 30, with trade.xyz contributing 91.6% and activity led by commodities and major equity index products.

HYPE

Summary

Hyperliquid HIP-3 market open interest reached $1.88 billion on March 30, up from the previously reported $1.65 billion. Trade.xyz accounted for 91.6% of the total, contributing more than $1.72 billion in open interest. The largest assets by open interest on trade.xyz were crude oil, the Nasdaq index, gold, the S&P 500, and silver, showing that activity was concentrated in commodity and equity index-linked markets on the platform.

Terms & Concepts
  • Open interest: The total value of outstanding derivatives positions that remain open and have not been closed or settled.
  • HIP-3: A Hyperliquid market framework used for listing and trading products, including traditional-asset-linked markets, on the platform.