Svmuu News: Trading volume on Hyperliquid’s HIP-3 market has grown rapidly. HIP-3 is Hyperliquid’s permissionless framework for developers to deploy perpetual contract markets; its share of Hyperliquid’s total perpetual contract trading volume has risen from approximately 2% at the beginning of the year to nearly 50% currently.
This growth coincides with rising interest among retail investors in on-chain stock trading. The HIP-3 market is currently dominated by TradeXYZ, which has launched markets including XYZ100 (tracking the Nasdaq 100 Index) as well as contracts tied to individual stocks such as Nvidia and Tesla.