Hyperliquid’s HIP-3 Markets Reach About $200 Billion in Cumulative Trading Volume, Grayscale’s Pandl Says

Grayscale Research Head Zach Pandl said Hyperliquid HIP-3 markets have reached about $200 billion in cumulative trading volume. According to NS3.AI, HIP-3 enables permissionless perpetual contract markets built on Hyperliquid’s infrastructure. Pandl added that a perpetual contract product tied to the S&P 500 has already launched on Hyperliquid.