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Hyperliquid’s HIP-3 markets near 50% of perp trading volume

HIP-3’s share of Hyperliquid perpetual volume has risen from about 2% at the start of the year to around 50% now, according to The Block.

Reported · Written up by our desk · Market Structure

Hyperliquid’s HIP-3 trading markets have surged, now accounting for nearly half of the exchange’s perpetual contract volume, according to The Block.

The outlet said HIP-3’s contribution grew from roughly 2% at the start of the year to about 50% in current activity.

The shift underscores how activity on Hyperliquid is concentrating as onchain stock trading expands, The Block added.

The figures point to a rapid change in market mix within Hyperliquid’s perp trading, with HIP-3 becoming a dominant venue on the platform.

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