Hyperliquid ziet zijn nieuwste marktlaag razendsnel opschalen. De zogeheten HIP-3-markten, waarmee externe teams eigen perpetual futures kunnen lanceren, noteerdenHyperliquid ziet zijn nieuwste marktlaag razendsnel opschalen. De zogeheten HIP-3-markten, waarmee externe teams eigen perpetual futures kunnen lanceren, noteerden
Hyperliquid HIP-3 explodeert: on-chain perps tikken $1,47 miljard volume aan in een dag
Hyperliquid ziet zijn nieuwste marktlaag razendsnel opschalen. De zogeheten HIP-3-markten, waarmee externe teams eigen perpetual futures kunnen lanceren, noteerden deze week een recorddagvolume van circa $1,47 miljard. Ook de open interest steeg naar een nieuw hoogtepunt van $793 miljoen, vooral gedreven door toegenomen handel in grondstoffen zoals goud en zilver. HIP-3 open interest reached an all-time high of $790M, driven recently by a surge in commodities trading. HIP-3 OI has been hitting new ATHs each week. A month ago, HIP-3 OI was $260M. — Hyperliquid (@HyperliquidX) January 26, 2026 Wat is HIP-3 en waarom is het anders? HIP-3 staat voor Hyperliquid Improvement Proposal 3 en werd in oktober vorig jaar live gezet. De upgrade maakt het mogelijk voor builders om zelfstandig perpetual futures-markten te deployen op de infrastructuur van Hyperliquid. Het model is permissionless, maar kent duidelijke drempels. Builders moeten 500.000 HYPE staken om een markt te lanceren en zijn zelf verantwoordelijk voor liquiditeit, prijsfeeds en risicoparameters. In ruil daarvoor ontvangen zij tot 50 procent van de trading fees op hun markten. Dat heeft geleid tot een snelle concentratie van activiteit rond een beperkt aantal goed functionerende DEX’s. Commodities zorgen voor volumepiek De recente volumegroei komt niet uit de lucht vallen. Een groot deel van de activiteit binnen HIP-3 verschuift richting traditionele activa, met name edelmetalen. Terwijl de cryptomarkt consolideert, blijven goud en zilver nieuwe hoogtepunten testen. Die volatiliteit trekt traders aan naar on-chain perpetuals die directe blootstelling bieden aan deze markten. Data van Flowscan laat zien dat HIP-3 sinds lancering al meer dan $25 miljard aan cumulatief handelsvolume heeft verwerkt. Het merendeel daarvan loopt via TradeXYZ, goed voor ruim 90 procent van het totale volume en meer dan $22 miljard aan transacties. TradeXYZ DEX volume | Bron: Flowscan Open interest wijst op structurele groei Minstens zo relevant als het volume is de ontwikkeling van open interest. Een maand geleden lag die nog rond $260 miljoen. Sindsdien is de OI vrijwel wekelijks naar een nieuw record gestegen. Dat wijst niet op vluchtige speculatie, maar op kapitaal dat langer in posities blijft zitten. Volgens Hyperliquid zelf onderstreept dit het vertrouwen in de onderliggende infrastructuur. CEO Jeff Yan stelde recent dat Hyperliquid inmiddels strakkere spreads biedt dan sommige grote gecentraliseerde beurzen, met diepere orderboeken bij populaire contracten. Hyperliquid has quietly achieved an important milestone of becoming the most liquid venue for crypto price discovery in the world. See below for side by side comparison of BTC perps on Binance (left) and Hyperliquid (right). With HIP-3 teams leading the way, Hyperliquid has also… https://t.co/xu41eTqPfI pic.twitter.com/aJCFYjMoxV — jeff.hl (@chameleon_jeff) January 26, 2026 Hoe krijg je toegang tot HIP-3? Voor traders verandert er weinig aan de gebruikerskant. HIP-3-markten zijn direct verhandelbaar via interfaces die op Hyperliquid zijn gebouwd. Extra permissies zijn niet nodig. Voor builders ligt dat anders. Wie een eigen markt wil lanceren, moet niet alleen HYPE staken, maar ook aantonen dat de markt technisch en economisch robuust is. Dat maakt HIP-3 kapitaalintensief aan de aanbodzijde, terwijl de vraagzijde laagdrempelig blijft. Wat zegt dit over Hyperliquid? Met HIP-3 schuift Hyperliquid op van één derivatenbeurs naar een open platform voor on-chain futures. De combinatie van permissionless marktcreatie, hoge liquiditeit en groeiende interesse in niet-crypto assets zet het protocol in een andere categorie dan traditionele perp DEX’s. Of dit model op lange termijn standhoudt, zal afhangen van risicobeheer en marktdiversiteit. Voor nu laten de cijfers zien dat HIP-3 geen experiment meer is, maar een snel groeiende handelslaag binnen on-chain derivaten. Best wallet - betrouwbare en anonieme wallet Best wallet - betrouwbare en anonieme wallet Meer dan 60 chains beschikbaar voor alle crypto Vroege toegang tot nieuwe projecten Hoge staking belongingen Lage transactiekosten Best wallet review Koop nu via Best Wallet Let op: cryptocurrency is een zeer volatiele en ongereguleerde investering. Doe je eigen onderzoek.
Het bericht Hyperliquid HIP-3 explodeert: on-chain perps tikken $1,47 miljard volume aan in een dag is geschreven door Raul Gavira en verscheen als eerst op Bitcoinmagazine.nl.
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Prominent analyst Cheeky Crypto (203,000 followers on YouTube) set out to verify a fast-spreading claim that XRP’s circulating supply could “vanish overnight,” and his conclusion is more nuanced than the headline suggests: nothing in the ledger disappears, but the amount of XRP that is truly liquid could be far smaller than most dashboards imply—small enough, in his view, to set the stage for an abrupt liquidity squeeze if demand spikes. XRP Supply Shock? The video opens with the host acknowledging his own skepticism—“I woke up to a rumor that XRP supply could vanish overnight. Sounds crazy, right?”—before committing to test the thesis rather than dismiss it. He frames the exercise as an attempt to reconcile a long-standing critique (“XRP’s supply is too large for high prices”) with a rival view taking hold among prominent community voices: that much of the supply counted as “circulating” is effectively unavailable to trade. His first step is a straightforward data check. Pulling public figures, he finds CoinMarketCap showing roughly 59.6 billion XRP as circulating, while XRPScan reports about 64.7 billion. The divergence prompts what becomes the video’s key methodological point: different sources count “circulating” differently. Related Reading: Analyst Sounds Major XRP Warning: Last Chance To Get In As Accumulation Balloons As he explains it, the higher on-ledger number likely includes balances that aggregators exclude or treat as restricted, most notably Ripple’s programmatic escrow. He highlights that Ripple still “holds a chunk of XRP in escrow, about 35.3 billion XRP locked up across multiple wallets, with a nominal schedule of up to 1 billion released per month and unused portions commonly re-escrowed. Those coins exist and are accounted for on-ledger, but “they aren’t actually sitting on exchanges” and are not immediately available to buyers. In his words, “for all intents and purposes, that escrow stash is effectively off of the market.” From there, the analysis moves from headline “circulating supply” to the subtler concept of effective float. Beyond escrow, he argues that large strategic holders—banks, fintechs, or other whales—may sit on material balances without supplying order books. When you strip out escrow and these non-selling stashes, he says, “the effective circulating supply… is actually way smaller than the 59 or even 64 billion figure.” He cites community estimates in the “20 or 30 billion” range for what might be truly liquid at any given moment, while emphasizing that nobody has a precise number. That effective-float framing underpins the crux of his thesis: a potential supply shock if demand accelerates faster than fresh sell-side supply appears. “Price is a dance between supply and demand,” he says; if institutional or sovereign-scale users suddenly need XRP and “the market finds that there isn’t enough XRP readily available,” order books could thin out and prices could “shoot on up, sometimes violently.” His phrase “circulating supply could collapse overnight” is presented not as a claim that tokens are destroyed or removed from the ledger, but as a market-structure scenario in which available inventory to sell dries up quickly because holders won’t part with it. How Could The XRP Supply Shock Happen? On the demand side, he anchors the hypothetical to tokenization. He points to the “very early stages of something huge in finance”—on-chain tokenization of debt, stablecoins, CBDCs and even gold—and argues the XRP Ledger aims to be “the settlement layer” for those assets.He references Ripple CTO David Schwartz’s earlier comments about an XRPL pivot toward tokenized assets and notes that an institutional research shop (Bitwise) has framed XRP as a way to play the tokenization theme. In his construction, if “trillions of dollars in value” begin settling across XRPL rails, working inventories of XRP for bridging, liquidity and settlement could rise sharply, tightening effective float. Related Reading: XRP Bearish Signal: Whales Offload $486 Million In Asset To illustrate, he offers two analogies. First, the “concert tickets” model: you think there are 100,000 tickets (100B supply), but 50,000 are held by the promoter (escrow) and 30,000 by corporate buyers (whales), leaving only 20,000 for the public; if a million people want in, prices explode. 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The verdict he offers is deliberately bound. The theory that “XRP supply could vanish overnight” is imprecise on its face; the ledger will not erase coins. But after examining dashboard methodologies, escrow mechanics and the behavior of large holders, he concludes that the effective float could be meaningfully smaller than headline supply figures, and that a fast-developing tokenization use case could, under the right conditions, stress that float. “Overnight is a dramatic way to put it,” he concedes. “The change could actually be very sudden when it comes.” At press time, XRP traded at $3.0198. Featured image created with DALL.E, chart from TradingView.com
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