HIP-3 Ecosystem Sees Record Open Interest Amid U.S. Stock Surge

On May 27, the HIP-3 ecosystem experienced a significant increase in open interest, reaching a record high of $2.71 billion, driven by a substantial rise in U.S. stock markets. According to BlockBeats On-chain Detection, Trade.xyz accounted for a remarkable 94.2% of this total, contributing approximately $2.56 billion and setting a new peak with a 24-hour trading volume of $1.775 billion. Simultaneously, Hyperliquid's overall open interest was also elevated, reaching $9.647 billion, marking the highest level since November of the previous year. During the same period, the trading volume reached $7 billion.