hip 3

Hyperliquid Claims Record Slice of Global Perpetuals Market as HIP-3 Protocol Drives $62B Monthly Volume

Hyperliquid, the on-chain perpetual futures exchange, has reached an unprecedented share of global derivatives trading volume, underscoring a structural shift toward decentralized perps infrastructure. Its HIP-3 upgrade has catalyzed over $62 billion in monthly trading volume, marking a decisive inflection point for DeFi-native derivatives. The milestone signals that institutional and retail traders are increasingly willing to trust fully transparent, non-custodial order books over centralized alternatives.