Hyperliquid’s HIP-3 trading volume crosses $10 billion milestone

According to Hyperzap data, the total trading volume of Hyperliquid’s HIP-3 market exceeded $10 billion. This milestone reflects cumulative trading activity across all user-created perpetual futures markets since the system’s inception.

HIP-3 allows builders to create and operate their own perpetual markets by staking on HYPE and winning listed auctions. This structure allows Hyperliquid to expand from a closed DEX to an open platform and become a Perp market where almost any asset or index can be traded.