Hyperliquid’s equity perpetuals open interest has surged from $495 million to $1.67 billion in just 90 days. Overall open interest across Hyperliquid’s HIP-3 markets now exceeds $2 billion, contributing to a total platform open interest above $10 billion. The platform's quarterly trading volume hit $646 billion, nearly matching Robinhood’s total trading volume.
HIP-3 markets, Hyperliquid’s permissionless platform for tokenized equities and commodities, saw open interest rise from $280 million to over $2 billion within four months. This market segment accounted for 35-40% of total trading volume recently, with daily transactions approaching $3 billion.
Additionally, Hyperliquid’s real-world asset (RWA) perpetuals have achieved $2.65 billion in open interest, doubling in two months. This $646 billion quarterly volume positions Hyperliquid alongside leading centralized exchanges and traditional brokerages, reflecting significant growth in the crypto trading landscape.