Hyperliquid says HIP-3 March trading volume hit a record $111.75 billion
AI Market Summary
Hyperliquid reported HIP-3 contract March trading volume of $111.75B, a record monthly high, highlighting a sharp increase in on-chain derivatives activity and liquidity within the ecosystem. Elevated derivatives turnover typically signals stronger participation in price discovery and higher utilization intensity, which can tighten spreads and amplify short-term volatility around Hyperliquid-linked assets as positioning builds.
Impact level
● Medium
Affected assets
HYPE/USDT+4.47%
AI Insight · HYPE/USDTAI Insight
▲ Bullish
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Hyperliquid said on X that trading volume for its HIP-3 contract reached $111.75 billion in March, a record monthly high. Odaily said the figure is the highest monthly trading volume for HIP-3 to date. HIP is the native token of the Hyperliquid ecosystem. Activity in its on-chain derivatives contracts, including HIP-3, is often viewed as a gauge of market participation in pricing HIP and broader ecosystem usage.
