Hyperliquid’s HIP-3 markets hit $1.43 billion open interest fueled by 24/7 tokenized equities, commodities trading

Why it matters: Round‑the‑clock tokenized asset trading could reshape market liquidity and investor access.
- Hyperliquid rolled out HIP‑3 markets that let investors trade tokenized equities and commodities nonstop, per the company’s launch notes.
- Investors have driven open interest to $1.43 billion, according to Bloomberg, highlighting massive demand for 24/7 exposure to non‑crypto assets.
- Analysts from Reuters see the move as a bridge between crypto and traditional finance, but warn that the regulatory gray zone could pose risks.
- Competitors such as dYdX and GMX are now under pressure to add similar continuous‑trading features, according to industry sources.
Hyperliquid’s HIP‑3 markets, offering 24/7 tokenized equities and commodities, have surged to $1.43 billion in open interest, signalling a rapid convergence of crypto‑style liquidity with traditional assets. The growth reflects strong investor appetite for round‑the‑clock trading, while analysts flag both opportunity and regulatory uncertainty.
