PANews reported on January 27th that, according to The Block, Hyperliquid announced on Monday that its HIP-3-deployed DEX open interest reached a record high ofPANews reported on January 27th that, according to The Block, Hyperliquid announced on Monday that its HIP-3-deployed DEX open interest reached a record high of
Hyperliquid: Open interest on HIP-3-based DEXs hits a record high of $790 million.
PANews reported on January 27th that, according to The Block, Hyperliquid announced on Monday that its HIP-3-deployed DEX open interest reached a record high of over $790 million, driven by a surge in commodity trading. This data is based on the permissionless perpetual contract market deployment feature introduced by HIP-3, which allows qualified builders to independently deploy and operate perpetual contract DEXs on the HyperCore infrastructure using staked HYPE tokens. Hyperliquid CEO Jeff Yan stated that the platform has become "the most liquid place for cryptocurrency price discovery," with its Bitcoin perpetual contract bid-ask spread narrowing to $1, lower than Binance's approximately $5.50.
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