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Hyperliquid HIP-3 Open Interest Hits Record $1.88 Billion Amid Surging Demand for On-Chain Derivatives

Hyperliquid HIP-3 Open Interest Hits Record $1.88 Billion Amid Surging Demand for On-Chain Derivatives

Author:

Global Cryptocurrency

Published:

2026-03-31 07:30:03

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BTCCSquare news:

Hyperliquid's HIP-3 markets have reached a new milestone, with Open Interest (OI) soaring to an all-time high of $1.88 billion. The surge underscores growing institutional and retail interest in on-chain derivatives, particularly tokenized traditional assets.

Trade.xyz dominates activity, accounting for 91.6% of OI with $1.72 billion in open positions. The platform's liquidity and execution efficiency are attracting traders, especially during weekends when traditional markets are closed.

OI growth has been exponential—from $793 million in early 2026 to $1.74 billion in recent weeks before the current peak. The consistent capital inflows signal strong confidence in Hyperliquid's infrastructure for derivative trading.

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