Hyperliquid HIP-3 Custom Markets Go Live With $500M

The platform’s new offering allows users to create and trade markets with tailored rules and underlying assets. So, this provides flexibility beyond standard cryptocurrency exchanges.

This launch of Hyperliquid HIP-3 marks a significant step in bringing more sophisticated trading tools.

Diverse Market Segments and Top Performers

HIP-3 currently features three segments: xyz, flx, and vnti. These segments cover over 20 tokens, most of which are tied to equity underlyings, meaning the token value reflects the price of real-world stocks. The XYZ100 market stood out with $320 million in 24-hour trading volume, indicating strong demand and liquidity. Equity-linked tokens like NVDA and GOOGL also saw impressive activity, reaching $66 million and $45 million, respectively.

A real-world example illustrates the platform’s appeal. An investor interested in tracking technology stocks can now access a token like NVDA, which mirrors the performance of Nvidia shares. So, this approach allows traders to gain exposure to traditional equities without leaving the blockchain ecosystem, reducing reliance on conventional brokerage accounts and enabling seamless, 24-hour trading.

The diversity of segments gives users a range of options. So, the xyz segment focuses on major indices and high-volume equities, flx targets more flexible or experimental assets, and vnti covers niche or emerging stocks. This segmentation allows traders to choose their preferred risk and reward profile while exploring new investment opportunities in a tokenised form.

More About Hyperliquid

Also, Hyperliquid announced that the MON hyperp has been converted into a standard perpetual contract. Traders can now take long or short positions on $MON with up to 3x leverage, allowing for greater flexibility and potential returns while managing risk.

Finally, this update opens new opportunities for both active traders and investors looking to engage with the token in a more traditional derivatives format.

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Disclaimer

The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.

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