Hyperliquid’s HIP-3 trading volume exceeds $10B milestone

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Hyperliquid’s HIP-3 markets have surpassed $10 billion in total trading volume, according to Hyperzap data. The milestone reflects cumulative trading activity across all user-created perpetual futures markets since the system’s launch.

HIP-3 allows builders to create and operate their own perpetual markets by staking HYPE and winning a listing auction. This structure expands Hyperliquid from a closed DEX into an open platform, where nearly any asset or index can become a tradable perp market.