Average of $2.6 billion per day HIP-3, surpassing Bitcoin futures

Hyperliquid's HIP-3 marketplace averaged $2.6 billion in daily trading volume in late October, surpassing the $2.4 billion daily average for its bitcoin perpetual futures, according to a Glassnode weekly report published October 28. The HIP-3 figure aggregates all builder-deployed perpetual markets on Hyperliquid, including equity, equity-index and commodity-linked contracts, not equities alone. The milestone matters because it shows builder-deployed markets on the decentralized exchange now outpace its flagship crypto product, signaling broadening demand beyond digital assets. Watchers should track whether HIP-3 volume holds above bitcoin perpetuals in subsequent weeks and how the mix shifts among equity, index and commodity contracts.