Stocks and Oil Outtrade Bitcoin on Hyperliquid

An October 28 Glassnode report estimated daily HIP-3 trading on Hyperliquid at about $2.6 billion over the preceding week, compared with roughly $2.4 billion for Bitcoin perpetuals on the same venue. SK Hynix, the S&P 500 and a technology index led individual markets, followed by crude oil. HIP-3 lets external teams deploy perpetual markets on Hyperliquid and set contract rules including oracle prices and leverage limits; S&P Dow Jones Indices announced in March it had licensed its benchmark to Trade[XYZ] for perpetual contracts on Hyperliquid for eligible investors outside the United States. The report said leveraged turnover measures trading activity rather than committed capital, and that sustained open interest and executable depth are needed to show lasting demand.