-
HIP-3 trading surges with daily volumes hitting $5–6B, showing traders’ growing confidence and serious market participation.
-
Open interest crosses $1.1B, signaling long-term commitment as traders hold positions instead of quick in-and-out moves.
-
Sustained volume and rising OI prove HIP-3 is moving beyond short-term spikes into real, lasting market growth.
HIP-3 is capturing attention across trading communities as its activity surges to new highs. According to Hyperliquid Hub, “HIP-3 is not only expanding in trading scale, it is also becoming an increasingly important part of the ecosystem.” Daily trading volume has spiked dramatically since early 2026, reflecting heightened trader interest and confidence.
Additionally, open interest (OI) has increased gradually and is currently over $1.1 billion, indicating increased market involvement. Volume and OI increase together imply that HIP-3 is entering a true growth phase and has beyond short-term conjecture.
Through October and November 2025, there was little trading activity near HIP-3, as evidenced by modest, consistent volumes. But beginning in December, things started to pick up speed.
Late January and early February of 2026 saw the biggest spike, with daily volume frequently surpassing the multi-billion-dollar threshold and reaching a peak of about $5–$6 billion.
Intense trading interest is indicated by these spikes, which are probably caused by significant updates, conjecture, or growing market confidence. Furthermore, volume showed continuous interest even though it somewhat decreased following the peak, staying considerably above the late-2025 levels.
Open Interest Signals Long-Term Commitment
While trading volume reflects short-term activity, OI provides insight into long-term market conviction. Open interest grew steadily from modest levels in October 2025 and accelerated sharply in January and February 2026. By March 1, total OI reached $1.11 billion.
Consequently, more traders are keeping positions open rather than entering and exiting quickly. Hyperliquid Hub emphasizes, “Capital is not just flowing in fast, it is also staying, which shows deeper market participation.” This trend shows that participants increasingly view HIP-3 as a serious component of the ecosystem.
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
Ethena team deposited 6,500 ETH to a certain CEX in the past 10 hours, with market maker B2C2 depositing 3,050 ETH.
Gate News Report, March 9 — According to The Data Nerd, within the past 10 hours, the Ethena team deposited 6,500 ETH (approximately $12.58 million) into a CEX. Additionally, cryptocurrency market maker B2C2 deposited 3,050 ETH (about $5.89 million) into another CEX.
GateNews16m ago
AVAX 15-minute increase of 0.76%: Ecosystem positive catalysts combined with on-chain capital inflows driving abnormal movements
From 00:00 to 00:15 (UTC) on March 9, 2026, the AVAX price experienced a rapid surge, with a return of +0.76%. The price ranged between 8.815 and 8.885 USDT, with an amplitude of 0.79%. At the same time, trading volume significantly increased during this period, market volatility intensified, short-term trading became active, and market attention was heightened.
The main driver of this anomaly was the ongoing fermentation of the news announced by Avalanche on March 8, about a liquidity staking partnership with a well-known DeFi protocol. The market
GateNews43m ago
XRP Plunges in a Wave! Analysts Warn of Liquidity Traps, ETF Weekly Capital Reversal
XRP is currently facing multiple pressures. Analyst ChartNerd predicts that it may first rise to $1.80 before retracing to $1, forming a "liquidity hunt." At the same time, XRP ETF experienced its first weekly outflow, indicating cautious market sentiment. Nevertheless, on-chain data shows large holders returning, signaling bottom accumulation. Ripple's CEO also remains optimistic about the long-term outlook.
MarketWhisper1h ago
Gate Daily (March 9): MicroStrategy hints at increasing Bitcoin holdings on dips; Kalshi and Polymarket consider raising $20 billion in financing
Bitcoin continues its decline, currently at $66,450. MicroStrategy continues to increase its Bitcoin holdings. Kalshi and Polymarket are expected to raise funds at a $20 billion valuation. Tokens such as APT, STRK, and SEI will face significant unlocks. The market is volatile due to geopolitical tensions and oil prices, with U.S. stock futures falling sharply. Analysts indicate that credit risk has not yet reached the point of collapse.
MarketWhisper2h ago
MakerDAO founder's crude oil 7x leverage long position with unrealized gains exceeding $1 million
Gate News Report, March 9th, according to Onchain Lens monitoring, crude oil futures (CL) reached $111.5. MakerDAO founder Rune's 7x leveraged long position on CL currently has over $1 million in unrealized profit.
GateNews3h ago
BTC 15-minute decline of 1.40%: Capital outflow and technical breakdown resonate, intensifying selling pressure
On March 8, 2026, from 22:00 to 22:15 (UTC), BTC rapidly declined within the range of 65,682.6 to 67,017.0 USDT, recording a -1.40% return with an amplitude of 1.99%. Short-term trading volume significantly increased, indicating intensified capital speculation, continued market attention, and rising fear sentiment, which further elevated volatility.
The main driving forces behind this anomaly are the increased outflows of funds from on-chain and ETF markets, as well as technical sell-offs following the breach of key support levels. During the reporting period, the trading volume of large whale transactions in BTC plummeted by 72% over two weeks, and long-term on-chain holders
GateNews5h ago
