Hyperliquid sees non-crypto trading surge to 45% of total volume

Non-cryptocurrency trading volume on the decentralized perpetual futures exchange Hyperliquid (HYPE) has increased to 45% of its total volume since the launch of its HIP-3 market, Unfolded reported. The surge is driven by increased demand for 24-hour trading of metals and crude oil amid the war in the Middle East. Additionally, open interest (OI) for traditional assets has reached $1.9 billion, accounting for 28% of the total OI.