The popularity of the Hyperliquid cryptocurrency platform has grown significantly

Open interest in Hyperliquid’s HIP-3 markets reached a record high of $ 2.38 billion.

Since the beginning of the year, the figure has grown by almost 600%. More than 90% of the total value is provided by the TradeXYZ project, which offers perpetual contracts on traditional financial instruments: precious metals, stock indices, and company shares.

The top ten largest Hyperliquid markets by trading volume include only three cryptocurrency pairs. The rest of the places are occupied by futures on TradFi assets: Nasdaq and S&P 500, oil, gold, and silver.

Market participants are interested in the opportunity to trade traditional assets around the clock without intermediaries, using online settlements. Such conditions are currently unavailable neither on classic CME platforms nor from retail brokers such as Robinhood.