Hyperliquid HIP-3 Surges to $10B Trading Volume

• HIP-3 trading surged from $5B to $10B in three weeks, signaling growing investor confidence in decentralized markets.

• Trade[XYZ] dominates peak DEX activity, showing traders favor specific platforms over evenly distributed trading.

• Hyna supports 7 major crypto tickers and transparency, connecting users to diverse assets without relying on live price feeds.

Hyperliquid’s HIP-3 platform has doubled its trading volume from $5 billion to $10 billion within just three weeks. The platform enables users to trade on-chain perpetuals for real-world assets like stocks, available 24/7. Coin Bureau confirmed on X that after months of comparatively quiet levels, trading activity on decentralized exchanges (DEXs) has visibly changed, exhibiting sharp surges.

This increase is a sign of rising investor confidence and growing decentralized trading usage. Besides increased volume, the data highlights how specific platforms dominate trading activity during peak periods.

Through mid-October and early November, trading volumes remained modest, with only small daily spikes. However, mid-November marked a turning point as volumes across multiple DEX platforms, including Trade[XYZ], Felix, Ventials, and Hyena, began rising sharply. Trade[XYZ] stood out, consistently handling the largest share of trading during peak days.

This shows that traders are now focusing more on their favorite platforms instead of spreading trades everywhere. Also, the steadily rising cumulative volume line proves this is long-term growth, not just a short-term spike. By mid-December, total trading had hit record highs, showing strong and consistent market activity.

Hyna Project Expands Ecosystem Connectivity

Hyperliquid also highlighted the Hyna project, providing transparency on its token ecosystem. According to Hyperliquid News, Hyna operates under the ticker “hyna” with a visible deployer address. This transparency lets users easily follow Hyna’s on-chain activity and confirm it’s genuine.

Additionally, seven major cryptocurrencies are currently supported by Hyna: BTC, ETH, HYPE, SOL, LIT, ZEC, and XRP. This gives users new options to use and engage with the platform across various blockchain communities by connecting its ecosystem to well-known cryptocurrency assets.

Interestingly, Hyna does not use an oracle updater, meaning it currently functions independently of live external price feeds. However, the project may integrate oracles in the future to enhance data reliability.