SKHX Perpetual Accounts for 50% of Stock Perp Volume on Hyperliquid HIP-3

On-chain data analysis shows that the SK Hynix (SKHX) perpetual contract on the Hyperliquid HIP-3 platform currently accounts for approximately 33% of total HIP-3 trading volume and about 50% of all stock-like perpetual contracts, making it the single highest-volume contract in this category. SKHX is a tokenized stock perpetual contract deployed by builders via the HIP-3 mechanism, tracking the price of SK Hynix, a South Korean semiconductor company. SK Hynix has been listed on the Korean main board for years and is expected to complete its U.S. ADR listing (Nasdaq: SKHY) around July 10, 2026. HIP-3 enables qualified builders to stake HYPE tokens and gain permissionless access to deploy perpetual markets, allowing traders to leverage trade these assets 24/7 on the platform. This also provides context for the original poster @0xNairolf’s joke that “people really want to trade it before they’re even allowed to”—referring to the relatively low-barrier trading enabled via decentralized infrastructure. Data is sourced from official Hyperliquid HIP-3 dashboard screenshots and verified by on-chain tracking platforms, with SKHX’s daily trading volume frequently reaching hundreds of millions of dollars recently.