HYPE gains over 60% in a week as HIP-3 DEX open interest climbs past $925 million

In the past week, HYPE has risen more than 60% to trade around $35 while Hyperliquid’s HIP-3 derivatives markets saw open interest move above $925 million. Over roughly three days, the token advanced about 50% as commodities-focused activity, particularly in silver futures with over $1 billion in daily volume, coincided with stronger demand in HYPE derivatives and options.