HIP-3 markets generated approximately 26.7% of the $64.7 billion total trading volume on Hyperliquid over the 30 days preceding November 5, 2026

Futures, options, and perpetual swaps tied to digital-asset prices, letting traders hedge or lever positions and often dwarfing spot volumes.

How easily digital assets trade without moving the price, shaped by market makers, exchange depth, and stablecoin supply.