Hyperliquid's HIP-3 markets hit $1.74B in open interest with tokenized equities like Tesla and Nvidia driving growth toward $2.5B as demand for 24/7 trading surges.

Hyperliquid captures a record 7% of aggregate perpetual open interest with $9.55B in positions, challenging centralized exchanges through tokenized RWA markets.

Hyperliquid's HIP-4 upgrade matched Polymarket's BTC binary volume in just two weeks, leveraging existing CLOB infrastructure and market maker liquidity.