-
HIP-3 trading surges with daily volumes hitting $5–6B, showing traders’ growing confidence and serious market participation.
-
Open interest crosses $1.1B, signaling long-term commitment as traders hold positions instead of quick in-and-out moves.
-
Sustained volume and rising OI prove HIP-3 is moving beyond short-term spikes into real, lasting market growth.
HIP-3 is capturing attention across trading communities as its activity surges to new highs. According to Hyperliquid Hub, “HIP-3 is not only expanding in trading scale, it is also becoming an increasingly important part of the ecosystem.” Daily trading volume has spiked dramatically since early 2026, reflecting heightened trader interest and confidence.
Additionally, open interest (OI) has increased gradually and is currently over $1.1 billion, indicating increased market involvement. Volume and OI increase together imply that HIP-3 is entering a true growth phase and has beyond short-term conjecture.
Through October and November 2025, there was little trading activity near HIP-3, as evidenced by modest, consistent volumes. But beginning in December, things started to pick up speed.
Late January and early February of 2026 saw the biggest spike, with daily volume frequently surpassing the multi-billion-dollar threshold and reaching a peak of about $5–$6 billion.
Intense trading interest is indicated by these spikes, which are probably caused by significant updates, conjecture, or growing market confidence. Furthermore, volume showed continuous interest even though it somewhat decreased following the peak, staying considerably above the late-2025 levels.
Open Interest Signals Long-Term Commitment
While trading volume reflects short-term activity, OI provides insight into long-term market conviction. Open interest grew steadily from modest levels in October 2025 and accelerated sharply in January and February 2026. By March 1, total OI reached $1.11 billion.
Consequently, more traders are keeping positions open rather than entering and exiting quickly. Hyperliquid Hub emphasizes, “Capital is not just flowing in fast, it is also staying, which shows deeper market participation.” This trend shows that participants increasingly view HIP-3 as a serious component of the ecosystem.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Major CEX Records $152M USDT Net Inflows in 24 Hours
Gate News message, April 22 — According to Coinglass data, a major CEX recorded net inflows of $152 million in USDT over the past 24 hours.
GateNews7m ago
Solana Holds $87 Support as ETF Inflows Top $22M
Key Insights
Solana ETF inflows reached $22.14 million this week, signaling sustained institutional accumulation and reinforcing short-term support above the 50-day EMA level.
Futures open interest climbed to $5.53 billion, highlighting increased retail participation and growing
CryptoNewsLand13m ago
34.98M USDT Withdrawn from Major CEX to Unknown Address
Gate News message, April 22 — According to Coinglass data, 34.98 million USDT were transferred from a major CEX to an unknown wallet at 23:13 UTC on April 22.
GateNews1h ago
Newly Created Wallet Withdraws 18,000 ETH from Major CEX, Transfers to BitGo
A new wallet address 0xf860 withdrew 18,000 ETH (~$43.22 million) from a major exchange and transferred the funds to BitGo; on-chain data shows no prior activity for this wallet.
Abstract: A newly created wallet address withdrew 18,000 ETH (about $43.22 million) from a major exchange and moved the funds to BitGo; the on-chain record shows no prior transaction history for the wallet.
GateNews2h ago
Suspected Team Multisig Address Distributes 2.499M EVAA Tokens to 10 Addresses, Representing 37.8% of Circulating Supply
A suspected multisig moved 2.499M EVAA (37.8% of supply) to 10 addresses in two batches; several recipients reportedly moved funds to exchanges or sold on DEXs.
Abstract: The Gate News report describes a suspected multisig address distributing 2.499 million EVAA tokens (about 37.8% of circulating supply) to 10 addresses in two rapid batches, with some recipients moving tokens to centralized exchanges or selling on DEXs.
GateNews2h ago
Ethereum Liquid Supply Hits 2024 Low on Binance
Abstract: CryptoQuant reports a notable contraction in Ethereum's liquid supply on Binance, with liquid ETH dropping to about 534,000 from a total reserve of 3.44 million. The trend, termed liquidity dryup, could reduce near-term selling pressure and provide price support if demand improves.
Summary: CryptoQuant notes Binance's ETH liquid supply fell to ~534k of 3.44M total, signaling a liquidity dryup that could ease selling pressure and support prices if demand strengthens.
CryptoFrontier6h ago