Hyperliquid (HYPE) announced via X (formerly Twitter) that "the open interest (OI) volume for real-world assets (RWA) on the platform has surpassed an all-time high of $3 billion," adding, "Since launching the HIP-3 market in October of last year, we have been breaking new OI records every month."

The recently spotlighted HIP-3 market is characterized by allowing anyone to stake HYPE and directly create markets on-chain. Compared to traditional financial futures products, its strengths are cited as: △ operating 24 hours a day, 365 days a year without market closures, and △ being centered on perpetual futures products with no expiration dates.

Macro events have also driven the increase in trading volume for RWA products. Previously, heightened tensions in the Middle East significantly increased the trading volume of commodity-based futures products, and recently, trading volume for stock-related products has been expanding, driven by the strong performance of the U.S. and Asian stock markets.