Trade.xyz data shows HIP-3 open interest on Hyperliquid climbed to a record $2.16 billion, with oil contracts driving activity and accounting for more than 90% of the HIP-3 market.
Trade.xyz reported that HIP-3 contracts on Hyperliquid reached a record $2.16 billion in open interest, representing more than 90% of the HIP-3 market. Weekly trading volume rose to $3.97 billion on April 3. Oil-linked contracts were a major driver of activity, with combined WTI and Brent crude volume totaling $1.28 billion, including $837 million in WTI volume alone, which surpassed ETH on Hyperliquid. The update adds to earlier data showing non-crypto assets had already become a significant share of HIP-3 trading on the platform.