Hyperliquid's (HYPE) HIP-3 decentralized exchanges recorded a new milestone, with their open interest rising to a new high of $790 million, the platform noted in an X post on Monday. The figure represents over 200% growth in the past month, but it remains a fraction of Hyperliquid's $8 billion open interest across all markets. Open interest is the total worth of outstanding contracts in a derivatives market. Launched in October 2025, HIP-3 (Hyperliquid Improvement Proposal 3) enables qualified developers to deploy their own perpetual futures markets on Hyperliquid's HyperCore infrastructure. This framework has ... (full story)