Hyperliquid’s HIP-3 market hits record $1.2 billion in open interest
By Omkar Godbole
Published on March 10, 2026.
Decentralized exchange Hyperliquid's permissionless platform, which allows anyone to create perpetual futures tied to any asset, has seen a surge in open interest, reaching a record $1.2 billion on Sunday. This growth has been driven by increased activity in futures tied specifically to equities and commodities such as oil, gold, and silver. The rise in activity indicates that decentralized markets are increasingly being used as a tool for price discovery during weekends. The most active contracts on Hyperliquid are XYZ100-USDC, followed by CL-US DC, and other top contracts.
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