HIP-3 markets just recorded their largest volume day ever. @tradexyz handled $8.9B in daily notional volume, effectively all of it. HIP-3 markets now account for 67% of all Hyperliquid perp volume, a new all-time high. These permissionless, builder-deployed markets for equities, indices, and commodities processed 2x the volume of Hyperliquid's native perps. Their 30-day average share has now climbed to 44%. One deployer's markets accounted for 33% of all perp DEX activity ($27.3B) across every venue and every chain. While the record is getting attention, what's actually trading is even more interesting. $4.6B of TradeXYZ's 24h volume came from memory and semiconductor names: SKHX (SK Hynix): $1.6B MU (Micron): $956M SNDK (SanDisk): $905M DRAM: $477M SKHY: $396M SMSN (Samsung): $268M Equity indices (SP500, XYZ100) added another $1.9B, while oil products contributed $670M. This, however, wasn't a broad-based record. It was the AI memory trade showing up in synthetic equity perps, including several names with no other onchain venue. A single HIP-3 deployer is now processing CEX-scale equity perp volume in tickers that didn't exist onchain a year ago. data: @asxn_r