Hyperliquid's HIP-3 market recently reached a key milestone—consecutive days with trading volume surpassing $1 billion, setting a new all-time high. The biggest driving force behind this is the TradeXYZ asset, which has recorded trading volumes of over $860 million for two consecutive trading days, almost accounting for the majority of the entire HIP-3 market share.

More notably, the total open interest in the HIP-3 market has surpassed $500 million. This data reflects a continued surge in market enthusiasm, with trading depth and participation significantly increasing. From the sustained breakthroughs in trading volume to the expansion of open interest, this market is undergoing a transformation from quantity to quality, also indicating that the activity in the derivatives market is further intensifying.