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