2026-01-22 05:52:58

Hyperliquid's HIP-3 market recently reached a key milestone—consecutive days with trading volume surpassing $1 billion, setting a new all-time high. The biggest driving force behind this is the TradeXYZ asset, which has recorded trading volumes of over $860 million for two consecutive trading days, almost accounting for the majority of the entire HIP-3 market share.

More notably, the total open interest in the HIP-3 market has surpassed $500 million. This data reflects a continued surge in market enthusiasm, with trading depth and participation significantly increasing. From the sustained breakthroughs in trading volume to the expansion of open interest, this market is undergoing a transformation from quantity to quality, also indicating that the activity in the derivatives market is further intensifying.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

17 Likes

Reward
17
10
Repost
Share

Comment

0/400

ClassicDumpster

· 01-24 07:18

Is TradeXYZ this powerful? The 860 million trading volume makes up the majority. This is a sign of takeoff!

View OriginalReply0

SatoshiSherpa

· 01-24 03:18

TradeXYZ is really impressive this time, consuming most of the market with just one asset, which is a bit scary. When will the 500 million position explode? By the way, HIP-3 has really taken off, but I'm just worried it might be a fleeting moment. These data look great, but I always feel cautious about the leverage bomb.

View OriginalReply0

consensus_whisperer

· 01-23 18:45

TradeXYZ is really dominant this time, capturing over 80% of the entire market. How concentrated is that?

View OriginalReply0

ProofOfNothing

· 01-22 17:05

TradeXYZ consumes 80% of the trading volume for a single asset. This seems a bit abnormal... Is the market truly active or is the traffic concentrated?

View OriginalReply0

ZkSnarker

· 01-22 06:23

ngl the TradeXYZ concentration is kinda sus... 86% of volume from one asset? that's either bullish af or we're watching a liquidity mirage play out in real time

Reply0

0xLostKey

· 01-22 06:20

Is TradeXYZ so powerful? It accounts for the bulk of the 860 million in transactions. This is the rhythm of taking off!

View OriginalReply0

Degen4Breakfast

· 01-22 06:19

$1 billion daily trading volume? TradeXYZ is about to take off, with one asset capturing more than half of the market...

View OriginalReply0

SundayDegen

· 01-22 06:16

TradeXYZ accounted for 860 million in trading volume, this guy really can compete.

View OriginalReply0

ForkThisDAO

· 01-22 06:12

TradeXYZ directly absorbed 90% of the market liquidity in this move, pretty impressive.

View OriginalReply0

EntryPositionAnalyst

· 01-22 05:55

Can TradeXYZ really pack a punch? It has captured 860 million in trading volume... This is probably the siphon effect, with other assets being eaten up.

View OriginalReply0