PANews February 11 News, according to The Block, the permissionless perpetual contract market HIP-3 of the decentralized derivatives protocol Hyperliquid set a daily trading volume record of $5.2 billion on February 5, the highest level since its launch in October 2025. This trading volume was mainly contributed by the mainstream market provider TradeXYZ deployed on HIP-3, which accounts for nearly 90% of the trading share through precious metals, stock indices, and individual stock perpetual contracts. On February 5, TradeXYZ’s silver contract had a daily trading volume of $40.9 billion, approximately 68% of the total HIP-3 trading volume that day, indicating that price fluctuations in precious metals are attracting traders to seek alternative assets outside cryptocurrencies.
The surge in HIP-3 trading volume began in the last week of January, when gold first broke through $5,000 per ounce and silver surpassed $100. However, both metals subsequently experienced historic corrections of about 20% and 30% within a single day. Before the price corrections, open interest in HIP-3 also hit a record of $1.06 billion, with 87% coming from TradeXYZ; currently, open interest is approximately $665 million, an 88% increase week-over-week.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
23.88% Plunge for GHST: What's Next for Traders?
GHST's price dropped 23.88% in five minutes, prompting market analysis amid increased trading volume of $228,192.53. The asset currently trades at $0.082207, facing volatility as institutional interest fluctuates and broader market trends evolve. Traders are monitoring support and resistance levels closely for future price movements.
Coinfomania46m ago
Solana Price Lags Major Cryptos Despite Record On-Chain Activity
There is a strange phenomenon that was recently noticed by CoinMarketCap in the crypto market. This week, Solana provided a high output of blockchain activity. Nonetheless, its market price could not compete with other major digital assets. Although some of the most popular cryptocurrencies, such as
Coinfomania47m ago
Aave experiences $27 million in abnormal liquidations, with 34 accounts being liquidated; the official promises full compensation
Aave experienced an abnormal liquidation on March 11th, with approximately $27 million in lending positions liquidated due to an internal security module CAPO parameter misconfiguration, resulting in a 2.85% underestimation of wstETH valuation. The liquidation affected 34 accounts, with about 10,938 wstETH forcibly closed. Chaos Labs has committed to fully compensate affected users and emphasized the need to improve risk management mechanisms. This incident highlights the risks posed by internal configuration errors within decentralized finance systems.
動區BlockTempo47m ago
U.S. stock futures see a broad decline in crypto-related stocks before the market opens, with CRCL experiencing the largest drop of 1.33%.
On March 11, U.S. stock futures and crypto concept stocks generally declined before the market opened, with stocks like CRCL, MSTR, COIN, and others experiencing varying degrees of decline. Data sourced from the decentralized RWA trading platform msx.com, which has listed hundreds of RWA tokens.
GateNews51m ago
Market Shock — VOXEL Plummets 40.92% in 30 Minutes
VOXEL has experienced a drastic 40.92% price drop, now trading at $0.008271, amid heightened trading volume. This decline reflects broader market pressures, including macroeconomic factors, influencing trader sentiment and potential market direction.
Coinfomania56m ago
31.04% Surge for KDA: What It Means for Traders
KDA's price surged 31.04% to $0.007862 in 15 minutes, driven by whale accumulation and increased trading activity. Traders are monitoring key resistance at $0.008 and support at $0.006 for future price direction.
Coinfomania56m ago
