The surge in commodity trading drives Hyperliquid HIP-3 DEX's open interest to a record high, surpassing $790 million

As the trading of commodities heats up, the open interest of the decentralized perpetual contract exchange (DEX) based on HIP-3 in the Hyperliquid ecosystem has risen to over $790 million, setting a new historical high.

HIP-3 (Hyperliquid Improvement Proposal 3) was launched last October, introducing the "Builder-Deployed Perpetuals" mechanism, which allows eligible developers who stake sufficient HYPE tokens to deploy perpetual contract markets on Hyperliquid's HyperCore infrastructure without permission. Official data shows that a month ago, the open interest related to HIP-3 was only about $260 million, and it has recently continued to set weekly new highs.