Hyperliquid HIP-3 OI $1.74B; launches licensed S&P 500 perpetual, records 229,818 active traders as institutions file HYPE ETF (GHYP)

first published 2026-03-24T09:39:45Z

Aggregated open interest in Hyperliquid’s HIP-3 permissionless perpetuals reached a record $1.74 billion (up 25% week-over-week) before easing to $1.73B. Trade.xyz (by Hyperunit) accounts for $1.58B (91.3%) of HIP-3 OI and posted a 24-hour volume record of $5.6B with 45,300 unique traders; leading pairs were WTI oil ($1.27B), Brent oil ($1.04B) and silver ($1.01B). The platform generated roughly $14M in weekly fees, HYPE traded at $38.30 (up 2.8% 24h, 30.6% 30d), and Hyperliquid is expanding products including HIP-4 for permissionless prediction market listings.

AI Analysis

Open interest reached a record $1.74B (25% WoW growth); Trade.xyz contributed $1.58B (91.3%) of OI and a 24‑hour record $5.6B volume with 45,300 traders; platform fees were roughly $14M weekly and HYPE price is up 2.8% (24h) and 30.6% (30d). These concrete volume, OI and fee figures support a bullish signal for the token/platform and present moderate short-term trading relevance.

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