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Hyperliquid’s HIP-3 trading volume exceeds $10B milestone
Trading activity on Hyperliquid’s permissionless HIP-3 markets tops $10B as builders expand perp listings.
Hyperliquid’s HIP-3 markets have surpassed $10 billion in total trading volume, according to Hyperzap data. The milestone reflects cumulative trading activity across all user-created perpetual futures markets since the system’s launch.
HIP-3 allows builders to create and operate their own perpetual markets by staking HYPE and winning a listing auction. This structure expands Hyperliquid from a closed DEX into an open platform, where nearly any asset or index can become a tradable perp market.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.