Hyperliquid HIP-3 DEX Open Interest Surpasses $790M Amid Commodity Trading Surge

KuCoinFlash

Release Time: 2026/01/26 23:30:52

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Summary

Hyperliquid's HIP-3 DEX open interest has risen above $790 million, driven by increased trading activity in commodity markets. Launched in October 2025, HIP-3 allows developers to deploy perpetual contracts by staking HYPE tokens. Open interest was around $260 million a month ago and has since reached new weekly highs.

Odaily Planet News: According to reports, as the heat of commodity trading rises, the open interest (OI) of decentralized perpetual contract exchanges (DEX) built on the Hyperliquid ecosystem based on HIP-3 has surged to over $790 million, setting a new historical record.

HIP-3 (Hyperliquid Improvement Proposal 3), launched in October last year, introduced the "Builder-Deployed Perpetuals" mechanism, allowing developers who meet certain criteria and stake sufficient HYPE tokens to permissionlessly deploy perpetual futures markets on Hyperliquid's HyperCore infrastructure. According to official data, HIP-3-related open interest was approximately $260 million one month ago, but it has recently been continuously setting new weekly records.

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