Hyperliquid's HIP-3 Markets Achieve Over $5 Billion in Trading Volume
•Crypto News
Overview
Hyperliquid's HIP-3 custom markets have achieved a significant milestone by surpassing $5 billion in trading volume. The decentralized perpetuals exchange continues to expand its offerings beyond traditional crypto derivatives.
Key Highlights
- Custom Perpetual Markets: HIP-3 allows users to create and trade custom perpetual markets, including synthetic stock indices, without the need for permission.
- Platform Expansion: The upgrade has enabled new markets linked to major tech stocks, driving increased trading activity.
Platform Details
Hyperliquid operates on its own layer-1 blockchain, focusing on high-performance trading of crypto derivatives and synthetic assets. The platform aims to compete with centralized exchanges by enhancing decentralization and offering smoother trading features.
With HIP-3, builders have launched multiple new perpetual markets, broadening Hyperliquid's ecosystem to include equity-style trading options alongside its existing crypto derivatives offerings.