Hyperliquid Open Interest Hits $11B as HIP-3 Markets Reach Record High

• Hyperliquid open interest has climbed to a record $11 billion, highlighting rising trader activity as RWA crypto perpetual markets expand and supporting long-term optimism around HYPE price
• HIP-3 markets have reached a record $3.69 billion in open interest, reflecting strong adoption of Hyperliquid’s permissionless perpetual market framework.
• Analysts expect short-term volatility for the HYPE price, but longer-term forecasts remain bullish, with some models projecting the token could reach $130 within the next year.

Hyperliquid is slowly turning heads as one of the leading DEXs, drawing in credible attention and volume. In the latest RWA crypto news, hyperliquid open interest has surged to hit $11B, with HIP-3 operations hitting a new benchmark of $3B. This signifies how the traders are increasingly pivoting towards the new HIP 3 standards, which are helping them launch a perpetual futures market for any related crypto domain. 

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Hyperliquid Open Interest Hits $11B: What This Means

Hyperliquid has long established its reputation as a leading DEX. Per the latest statistics reported by DeFillama, the platform has now reported $11B worth of open interest, signalling consistent user volume. At the same time, Hyperliquid’s HIP 3 protocol has also been reporting stellar metrics. The stats stated that Hyperliquid’s HIP3 markets have consistently been contributing to the platform, having delivered nearly $3.69B till now.

HIP 3 is Hyperliquid’s builder deployment perpetual protocol, allowing traders to build and launch any RWA crypto perpetual markets. This protocol intends to support permissionless perps trading, strengthening the on-chain trading ecosystem. The surge in Hyperliquid open interest reflects growing demand for permissionless perpetual markets powered by the HIP-3 framework.

“Per the Phantom docs, In effect, HIP-3 lets anyone that stakes 1 million HYPE tokens create a new perpetual futures market on the Hyperliquid blockchain, not Hyperliquid’s decentralised trading platform. This is a key step towards decentralising market creation: it turns the Hyperliquid blockchain into a financial infrastructure layer where third parties can spin up markets without asking for permission. ”

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HYPE Future Price Prediction

With Hyperliquid taking the lead in the DEX domain, the price of HYPE is bound to surge one way or the other. Per CoinCodex, HYPE price may hit a new high of $130 one year from now. 

Hyperliquid is forecasted to hit $54.08 by the end of 2026 (-16.98% compared to current rates), $221.05 by 2030 (+239.36%), $267.53 by 2040 (+310.72%), and $697.40 by 2050 (+970.67%). All values represent end-of-year price estimates according to our models.

However, Coincodex clearly mentions the hype price trajectory before it hits a peak of $130. CC states his HYPE price may undergo a drop-down to $55 before hitting a new ATH of $130 by the year’s end.

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