Tokenized equity exposure drives Hyperliquid OI

Open interest on Hyperliquid's HIP-3 markets has surged past $2 billion, demonstrating a significant demand for round-the-clock access to tokenized equities and commodities. This growth, exceeding 580% year-to-date, highlights a shift as traders seek exposure beyond traditional market hours. Notably, non-crypto pairs like Nasdaq proxies and commodity futures now dominate the platform's top markets, surpassing traditional crypto pairs. This trend indicates a growing preference for decentralized, on-chain settlement solutions that offer continuous trading opportunities, a service not readily available from established financial institutions.