Ripple Prime expands Hyperliquid HIP-3, listing TradFi sustainable contracts on-chain

Ripple Prime, Ripple’s institutional-level digital asset first-tier brokerage service, announced on March 31 that it has expanded the integration of Hyperliquid to the HIP-3 trading pairs, enabling institutional clients to trade on-chain perpetual contracts for traditional assets such as gold, silver, and crude oil. This is the first time, under a unified margin framework, that institutional investors can simultaneously access exposure to traditional financial assets and DeFi infrastructure.

Integration Significance: A Unified Margin Framework Connects TradFi and DeFi

Launched by Ripple at the end of 2025, Ripple Prime is positioned as an institutional-oriented digital asset first-tier brokerage service. Michael Higgins, Director of Business Development, disclosed on the X platform that the HIP-3 integration opens up a tokenized commodities market with around-the-clock operation for institutional traders.

Unlike traditional wholesale commodity futures, the HIP-3 on-chain perpetual contracts break through trading-time restrictions, allowing institutional investors to establish or close traditional asset exposure in any time zone. The core innovation of this integration lies in the unified margin framework: institutional clients do not need to switch between traditional financial accounts and crypto asset accounts. Instead, within a single DeFi infrastructure framework, they can simultaneously manage on-chain derivative positions for traditional assets such as gold, silver, and crude oil.

The Four Core Value Points of the HIP-3 Integration for Institutional Clients

Around-the-Clock Trading: Traditional gold, silver, and crude oil markets are constrained by trading hours; HIP-3 on-chain perpetual contracts enable continuous 24/7 operation

Unified Margin: Traditional financial exposure and DeFi derivatives are managed within the same margin framework, substantially reducing funding friction costs

Deep Liquidity: Through Hyperliquid’s liquidity pool, institutions can efficiently build large-scale on-chain replacement exposure to real-world assets

Compliant Institutional Channel: As a regulated first-tier broker, Ripple Prime provides institutional clients with a DeFi access pathway that meets regulatory requirements

HIP-3 Market Data and Current HYPE Technical Picture

HIP-3’s market share on the Hyperliquid platform continues to expand. According to Hyperscreener data, HIP-3’s daily trading volume has accounted for 39.60% of Hyperliquid’s total trading volume, while daily open contracts represent 27.82% of the entire platform. This integration consolidates Hyperliquid’s market positioning as a “one-stop” exchange, with its business scope extending from crypto derivatives to on-chain markets for real-world assets such as gold and crude oil.

The technical picture of the HYPE token shows a different short-term setup. As of the time of publication, HYPE’s trading price is below $40; near the 50-day exponential moving average (EMA), the trend indicates a slightly bearish tone. After the MACD indicator broke below the signal line, the negative histogram bars continue to expand, indicating downside pressure remains. The Relative Strength Index (RSI) is at 50; momentum is neutral, matching expectations for a pullback consolidation phase. Key resistance levels above are, in turn, $42 (recent high) and $47.51 (78.6% Fibonacci retracement level).

Frequently Asked Questions

What is Hyperliquid HIP-3, and how is it different from regular crypto perpetual contracts?

HIP-3 is a specific trading pair protocol on the Hyperliquid platform, designed specifically for tokenized real-world assets (RWA), covering on-chain perpetual contracts for traditional commodities such as gold, silver, and crude oil. Unlike regular crypto perpetual contracts, HIP-3 tracks the prices of assets in traditional financial markets, allowing institutional users to establish derivative exposure to traditional assets on-chain.

What practical significance does Ripple Prime’s integration of HIP-3 have for institutional investors?

As a regulated institutional first-tier brokerage service, Ripple Prime’s integration of HIP-3 enables institutional clients to manage derivative positions for both crypto assets and traditional wholesale commodities within a unified DeFi framework. This removes funding friction associated with switching across platforms and also provides the ability to trade around the clock.

What is the long-term impact of the HIP-3 integration on the HYPE token?

The growth in HIP-3 trading volume directly increases Hyperliquid’s overall traffic, helping the protocol generate more fee revenue. However, in the short term, the technical picture shows HYPE momentum is neutral. The market currently reflects more overall macro sentiment rather than being directly driven by a single integration news item. Investors need to make judgments by combining multiple indicators.