Hyperliquid's HIP-3 market transaction share has risen to nearly 50%

The proportion of HIP-3 market trading volume of Hyperliquid to total perpetual contract trading volume has increased from about 2% at the beginning of the year to nearly 50%. HIP-3 is a permissionless framework developed by Hyperliquid for deploying perpetual contracts in the developer market. Currently, the market is mainly dominated by TradeXYZ, which has launched markets including XYZ100, as well as single stock related contracts such as Nvidia and Tesla.