The surge in commodity trading has driven Hyperliquid HIP-3 DEX's open interest to a record high, surpassing $790 million.

CoinVoice · 2026-01-26T23:34:45+00:00

The open interest in the decentralized perpetual contract exchange within the Hyperliquid ecosystem has reached $790 million, setting a new record. This growth is attributed to the introduction of the HIP-3 mechanism, which allows developers to deploy contract markets permissionlessly. Over the past month, open interest has increased from $260 million to a new high.

CoinVoice

2026-01-26 23:34:45

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CoinVoice has learned that with the rising popularity of commodity trading, the open interest (OI) in the decentralized perpetual contract exchange (DEX) based on HIP-3 within the Hyperliquid ecosystem has exceeded $790 million, reaching a new all-time high. HIP-3 (Hyperliquid Improvement Proposal 3), launched in October last year, introduced the “Builder-Deployed Perpetuals” mechanism, allowing eligible developers who stake sufficient HYPE tokens to permissionlessly deploy perpetual contract markets on Hyperliquid’s HyperCore infrastructure. Official data shows that a month ago, the open interest related to HIP-3 was only about $260 million, and it has recently continued to hit new weekly highs.

HYPE16,51%

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