2026-01-22 05:53:07

According to the latest market data, Hyperliquid's HIP-3 market has recently performed remarkably well. The daily trading volume has exceeded $1 billion for two consecutive trading days, which is the first time in the platform's history. Among them, the TradeXYZ asset performed the best in this wave of market activity, with trading volumes exceeding $860 million for two days in a row, accounting for a major share of the market.

Meanwhile, the total open interest in the HIP-3 market has also been steadily increasing, with the latest data showing it has surpassed $500 million, reflecting traders' growing enthusiasm and confidence in the market. This series of breakthroughs demonstrates the activity and attractiveness of the DeFi derivatives market.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
5
Repost
Share

Comment

0/400

SchrodingerGas

· 28m ago

1 billion daily? What kind of arbitrage space is needed to attract this wave of liquidity... We need to see how long the on-chain evidence can hold up.

View OriginalReply0

fork_in_the_road

· 16h ago

One billion USD trading volume, TradeXYZ definitely peaked this time, but with only five hundred million in holdings? That's a bit suspicious. --- HIP-3 broke the billion mark this time, looks lively, but the real profit makers are probably those few big players, right? --- Seeing new highs every day, but with TradeXYZ占这么多份额不怕砸盘吗 --- The contract trading volume is so fierce, but the risks are also significant. Better to be cautious. --- Holdings of five hundred million, trading volume of one billion, this ratio is a bit strange, everyone. --- DeFi derivatives are starting to burn money again, stay steady and don't get liquidated. --- TradeXYZ is so capable of trading, is there some story behind it?

View OriginalReply0

WalletAnxietyPatient

· 17h ago

$1 billion daily trading volume? Is that real? It hasn't broken that before, this wave is pretty intense. --- TradeXYZ with 860 million dominating the market, it seems this asset has recently caught everyone's attention. --- Holding 500 million... By the way, when is this data most likely to explode or cause a crash? --- Hey, HIP-3, is this about to take off or just another wave of harvesting? --- Breaking records again, DeFi definitely has momentum, but risks are also present. --- Holding over 500 million, how many people have been trapped? --- TradeXYZ with 860 million, those who have entered in the past few days are probably about to taste some losses.

View OriginalReply0

AirdropHustler

· 17h ago

Oh no, Hyperliquid is really taking off this time, hitting a $1 billion daily trading volume for the first time. Is TradeXYZ this powerful? --- Position volume surpasses 500 million... Feels like someone is laying the groundwork, gotta be cautious. --- Wow, another surge in derivatives. Is this the start of a new DeFi wave? --- TradeXYZ is leading the way. Why is this asset suddenly so popular? --- Breaking new highs and that's it? I just want to know how long this market trend can last. --- A 500 million position volume sounds impressive, but those bottom-fishing are probably waiting for a pullback. --- Hyperliquid's performance is a bit outrageous... Is the market really heating up, or is this another wave of rug pulls?

View OriginalReply0

ZKProofster

· 17h ago

ngl the volume spikes look *technically* concerning without understanding the actual liquidity distribution underneath... proof of trading ≠ proof of stability, you know?

Reply0