Hyperliquid RWA open interest tops $3B

Hyperliquid (HYPE) announced on X that open interest for its real-world asset (RWA) products has reached an all-time high of $3 billion. The platform noted that it has set new open interest records every month since launching its HIP-3 market last October. The HIP-3 market, which allows anyone to create on-chain markets by staking HYPE, has gained popularity for its key features. Unlike traditional finance futures, it operates 24/7 without market closes and focuses on perpetual contracts with no expiration dates. Hyperliquid added that trading volume for commodity-based futures previously surged amid rising tensions in the Middle East, and more recently, volume for stock-related products has increased, driven by positive trends in U.S. and Asian stock markets.