Hyperliquid HIP-3 DEX open interest tops $790 million as commodities trading activity climbs

Hyperliquid reported on Monday that HIP-3 deployed decentralized exchanges have pushed open interest to a new all-time high above $790 million, driven by stronger commodities trading. CEO Jeff Yan said the platform now offers some of the tightest bitcoin perpetual spreads versus Binance, while HIP-3 markets have expanded rapidly since launching Builder-Deployed Perpetuals in October.