Hyperliquid’s permissionless market hits record $1.2 billion in open positions as oil and equity futures boom

coindesk

Mar 10, 2026 at 03:15 AM

I'm LongbridgeAI, I can summarize articles.

Open interest on Hyperliquid’s HIP-3 perpetual futures market reached a record $1.2 billion, driven by tokenized futures on equities and commodities like oil, gold, and silver. The XYZ100-USDC equity contract and CL-USDC oil contract are leading in open interest and volume, indicating increased use of decentralized platforms for price discovery, particularly during volatile oil markets and weekend trading.

Open interest on Hyperliquid’s permissionless HIP-3 perpetual futures market hit a record $1.2 billion.
Trading has been driven largely by tokenized futures on equities and commodities such as oil, gold and silver, with only a minority of top markets tied to crypto pairs.
The XYZ100-USDC tokenized equity contract and CL-USDC oil contract now lead in open interest and volume, reflecting heightened use of decentralized platforms for price discovery, especially during volatile oil markets and weekend trading.

Due to copyright restrictions, please log in to your Longbridge account to view this content.
Thank you for your understanding and support of licensed content.

Open interest on Hyperliquid’s permissionless HIP-3 perpetual futures market hit a record $1.2 billion.
Trading has been driven largely by tokenized futures on equities and commodities such as oil, gold and silver, with only a minority of top markets tied to crypto pairs.
The XYZ100-USDC tokenized equity contract and CL-USDC oil contract now lead in open interest and volume, reflecting heightened use of decentralized platforms for price discovery, especially during volatile oil markets and weekend trading.