Hyperliquid HIP-3 synthetic equity markets generate $500M volume in debut

Hyperliquid's newly launched HIP-3 custom markets recorded over $500 million in trading volume within 24 hours, according to the platform's interface. The decentralized exchange introduced synthetic perpetual contracts tracking equity underlyings including xyz, flx, and vnti. The XYZ100 index led with $320 million in volume.