Hyperliquid News: HIP-3 Markets Reached About 51% of Trading Volume
- Hyperliquid founder Jeff Yan said HIP-3 markets accounted for about 51% of Hyperliquid's trading volume at one point in July.
- Yan spoke at TOKEN2049 in Singapore, according to Foresight News.
- Crude oil and pre-IPO perpetual contracts for real-world assets are among the HIP-3 use cases he named.
- Hyperliquid wants to be an open protocol and infrastructure layer rather than compete directly with front-end platforms.
- Builder Codes let developers build mobile apps and institutional trading terminals without setting up matching and clearing systems.
Hyperliquid news today centers on a single number. HIP-3 markets accounted for about 51% of Hyperliquid's trading volume at one point in July, founder Jeff Yan said at TOKEN2049 in Singapore.
The remarks were reported by Foresight News.
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Hyperliquid HIP-3 Data at a Glance
Key points from Yan's TOKEN2049 remarks:
HIP-3 share of Hyperliquid trading volume: about 51% at one point in July
HIP-3 use cases named: crude oil and pre-IPO perpetual contracts for real-world assets
Venue of the remarks: TOKEN2049, Singapore
Source of the report: Foresight News
Readers who follow Hyperliquid on-chain activity and market signals in real time can do so through the SpotX live stream.
Main News: HIP-3 Accounts for About Half of July Volume
Yan said HIP-3 markets made up about 51% of Hyperliquid's trading volume at one point in July. The figure covers a single point in the month, not the full period.
The latest Hyperliquid news puts more than half of the protocol's activity in HIP-3 markets at that point.
Which HIP-3 Markets Are in Use
Yan said crude oil and pre-IPO perpetual contracts for real-world assets are among the use cases for HIP-3.
These markets let users trade exposure to assets outside the usual crypto pairs.
Hyperliquid as an Open Protocol
Yan said Hyperliquid wants to be an open protocol and infrastructure layer for different financial products and applications. He said it does not intend to compete directly with front-end platforms.
Key points on the approach:
Role: open protocol and infrastructure layer
Position on front ends: not competing directly with front-end platforms
Products supported: different financial products and applications
Builder Codes for Developers
Yan said Builder Codes let developers build mobile apps and institutional trading terminals. Developers don't need to set up matching and clearing systems. Their products connect directly to Hyperliquid's markets and liquidity.
What developers can build: mobile apps and institutional trading terminals
What they don't need to set up: matching and clearing systems
What they connect to: Hyperliquid's markets and liquidity
Traders who monitor Hyperliquid market activity and wallet flows can follow live data through SpotX.
Summary: Hyperliquid News Today
Hyperliquid founder Jeff Yan said HIP-3 markets accounted for about 51% of Hyperliquid's trading volume at one point in July. He spoke at TOKEN2049 in Singapore.
HIP-3 share of volume: about 51% at one point in July
Named use cases: crude oil and pre-IPO perpetual contracts for real-world assets
Hyperliquid's stated role: open protocol and infrastructure layer
Builder Codes: let developers connect apps and terminals directly to Hyperliquid's markets and liquidity
Never miss a Hyperliquid update. Get real-time crypto alerts on SpotX Signals on Telegram.
Frequently asked questions
What share of Hyperliquid volume came from HIP-3 markets?
Jeff Yan said HIP-3 markets accounted for about 51% of Hyperliquid's trading volume at one point in July.
Where did Jeff Yan make the remarks?
He spoke at TOKEN2049 in Singapore, according to Foresight News.
Which HIP-3 markets did Yan mention?
Crude oil and pre-IPO perpetual contracts for real-world assets.
What are Builder Codes on Hyperliquid?
Builder Codes let developers build mobile apps and institutional trading terminals without setting up matching and clearing systems. These products connect directly to Hyperliquid's markets and liquidity.
Does Hyperliquid compete with front-end platforms?
Yan said Hyperliquid wants to be an open protocol and infrastructure layer rather than compete directly with front-end platforms.