The HIP-3 derivatives market reaches a milestone — open interest (OI) has just surpassed $387 million, hitting a new all-time high. How strong is this growth momentum? Just look at the data from major platforms: a leading exchange is in the lead, holding a $308.9 million share; another trading platform follows closely with $51.05 million; a derivatives protocol contributed $23.64 million; and an emerging platform also took a slice, with an OI of $3.89 million. From this distribution, it’s clear that market participants are very enthusiastic about HIP-3 derivatives trading, and competition among different platforms is also driving the overall ecosystem activity. This OI growth undoubtedly reflects the market’s strong optimism about the future trajectory of HIP-3.