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DEFI Markets Derivatives Daily Hip 3 Volume by Asset USD

DeFi

The daily USD trading volume of perpetual markets deployed via Hyperliquid's HIP-3 standard, broken down by underlying asset Shown here for xyz:XYZ100.

Why it matters

To measure how much trading activity flows through permissionless, third-party-deployed perp markets on Hyperliquid, asset by asset.

How it is built

Summing the USD notional of all trades executed each day on each HIP-3 market, grouped by the asset each market tracks.

What to watch

Growing HIP-3 volume signals expanding adoption of permissionless market deployment; concentration in a few assets shows where independent operators find the most demand.

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