Hyperliquid Sets Record: Daily Trading Volume Surpasses $5.2 Billion

CafeMinor · 2026-02-22T06:12:58+00:00

Hyperliquid's decentralized derivative market recently reached a trading volume high, hitting $5.2 billion in a single day. This surge, driven by TradeXYZ's significant role, showcases the growing adoption of decentralized trading protocols and interest in precious metal contracts among crypto traders.

CafeMinor

2026-02-22 06:12:58

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The Hyperliquid decentralized derivatives platform recently achieved a remarkable milestone, with trading volume reaching its highest level since the platform’s launch in October 2025. On February 5th, trading activity volume on HIP-3 hit $5.2 billion in a single day, marking strong bullish momentum within the decentralized derivatives ecosystem.

Surge in Transactions Driven by Dominant Traders and Market Makers

According to data from The Block, this impressive trading volume was primarily contributed by TradeXYZ, a leading market provider playing a crucial role on the HIP-3 platform. TradeXYZ’s participation accounted for nearly 90% of total transactions, indicating significant liquidity concentration in the hands of professional market makers. Their strong presence reflects an effective market-making strategy that provides the necessary volume and market depth for smooth operations.

Silver Contract Trading Volume Leads Growth

In the individual contract category, TradeXYZ’s silver instrument trading volume peaked at $40.9 billion in one day, representing 68% of the total HIP-3 trading activity during that period. The dominance of this precious metal product reveals traders’ strong preference for perpetual contracts involving precious metals, stock indices, and individual stocks. The diversified product offerings on HIP-3 enable market participants to access various asset classes through a single decentralized platform.

Decentralized Derivatives Open Alternative Opportunities for Investors

This volume surge indicates that volatility and opportunities in the precious metals market are attracting the crypto trading community to seek asset exposure outside the traditional cryptocurrency ecosystem. Platforms like HIP-3 allow traders to access broader markets with leverage, on-chain transparency, and decentralized trading models. This record trading volume achievement demonstrates the growing adoption of decentralized derivatives protocols as an increasingly relevant alternative trading infrastructure in the global financial landscape.

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