Oil perpetual futures lead as Hyperliquid posts new $2.3B HIP-3 open interest record
The post Oil perpetual futures lead as Hyperliquid posts new $2.3B HIP-3 open interest record appeared on BitcoinEthereumNews.com.
Hyperliquid keeps expanding its share of real-world assets activity. Recently, HIP-3 open interest reached a new record of $2.3B for perpetual futures based on traditional markets. Hyperliquid is becoming an even more important venue for real-world asset trading. RWA perpetual futures contracts reached a new peak in open interest at over $2.3B. Hyperliquid itself marked a new milestone, based on the growth of its HIP-3 markets. RWA trading on Hyperliquid continues to reach new ATHs week after week, surpassing $2.3B in open interest pic.twitter.com/R9uDCAx3fo — Hyperliquid (@HyperliquidX) April 6, 2026 Most of the growth comes from TradeXYZ, which recently opened cross-margin trading for the silver, gold, and S&P 500 markets. Hyperliquid perpetual futures can capture not only traditional pricing, but the potential market reaction in real time, as the contracts have no closing hours or a settlement date. This allows traders to essentially track the direction of increasing uncertainty. Hyperliquid still hosts peak oil volumes In April, HIP-3 RWA activity became more diverse, less focused on oil trades. Crude oil open interest declined from its peak $1.5B record, but other assets compensated for the slide. Most notably, equities climbed up the ranks, displacing silver and gold. The S&P500 and XYZ100, in pairs against USDC, added $500M in open interest to HIP-3. Brent perpetual futures expanded above $576M in open interest, while WTI recovered to $561.30M. Oil trading is also highly active, with 74.9% order fills for Brent and 74.8% for WTI, signaling the availability of liquid counterparties. As Cryptopolitan reported, the oil market also turned into an arena for whales to compete for long and short positions. RWA competes with crypto trading On Hyperliquid, six of the top 10 most active assets are based on RWA, either a single market or indexes. Oil perpetual futures come just behind the BTC,…
Filed under: News - @ April 6, 2026 12:27 pm