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Hyperliquid has announced that the open interest for its HIP-3 contracts has surged to approximately $790 million, marking a new all-time high. This significant increase comes amid heightened activity in commodity trading. Just a month ago, the open interest stood at around $260 million. Launched in October 2025, the HIP-3 mechanism allows developers who meet staking requirements to deploy perpetual contract markets on the HyperCore infrastructure without permission.

HIPHYPE-1.62%

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