PANews February 11 News, according to The Block, the permissionless perpetual contract market HIP-3 of the decentralized derivatives protocol Hyperliquid set a daily trading volume record of $5.2 billion on February 5, the highest level since its launch in October 2025. This trading volume was mainly contributed by the mainstream market provider TradeXYZ deployed on HIP-3, which accounts for nearly 90% of the trading share through precious metals, stock indices, and individual stock perpetual contracts. On February 5, TradeXYZ’s silver contract had a daily trading volume of $40.9 billion, approximately 68% of the total HIP-3 trading volume that day, indicating that price fluctuations in precious metals are attracting traders to seek alternative assets outside cryptocurrencies.
The surge in HIP-3 trading volume began in the last week of January, when gold first broke through $5,000 per ounce and silver surpassed $100. However, both metals subsequently experienced historic corrections of about 20% and 30% within a single day. Before the price corrections, open interest in HIP-3 also hit a record of $1.06 billion, with 87% coming from TradeXYZ; currently, open interest is approximately $665 million, an 88% increase week-over-week.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CHIBI increased by 410.00% after launching Alpha, current price 0.0021974 USDT
Gate News bot message: Since launching on Alpha, CHIBI has increased by 410.00%, with the current price at 0.0021974 USDT.
CryptoRadar20m ago
Crypto Market Records Downturn As Fear Again Dominates Investor Sentiment
The crypto market has declined, with a total capitalization of $2.42T and a 24-hour volume drop of 6.08%. Bitcoin and Ethereum saw minor decreases, while notable gainers included $BPX and $PENGU. DeFi TVL fell by 1.56%, and NFT sales dropped 14.62%. Morgan Stanley updated its Bitcoin ETF filing, while Gemini faces a lawsuit for misleading investors.
BlockChainReporter45m ago
Jensen Huang Praises Bittensor: Distributed Training of 72 Billion Parameter Model "Remarkable," TAO Soars 20%
NVIDIA CEO Jensen Huang praised the technological achievements of decentralized AI network Bittensor in an All-In interview, noting that its Subnet 3 successfully conducted distributed training of large language models. These remarks prompted the TAO token to rise approximately 20% within 24 hours of the announcement. Huang also pointed out that decentralized and proprietary models can coexist in parallel, further bolstering market confidence in distributed AI.
動區BlockTempo45m ago
The Real Reason Bittensor (TAO) Price Just Pumped 30%
Bittensor's TAO surged 30% to $299, driven by endorsements from top figures like NVIDIA's Jensen Huang. Technical indicators suggest a bullish trend, eyeing resistance at $341, with strong market interest and trading volume signaling potential for ongoing recovery.
CaptainAltcoin50m ago
Two Whales Chased the TAO Rally Today with Combined Holdings of $2.82 Million, Peak Floating Gains Reaching 50%
March 20 news: TAO surged 20%, on-chain trading sentiment heated up. Two whales opened long positions on Hyperliquid platform with 5x and 1x leverage respectively, with total positions reaching $2.82 million. Both positions are currently showing significant unrealized gains.
GateNews57m ago
SOL breaks through 90 USDT, 24-hour gain of 0.66%
Gate News reports that on March 20, a certain CEX showed SOL surpassing 90 USDT, currently trading at 90.03 USDT, with a 24-hour increase of 0.66%.
GateNews1h ago
