HIP-3: Traditional Finance on Hyperliquid
HIP-3 is Hyperliquid's framework that enables third-party deployers to bring traditional finance (TradFi) assets on-chain as perpetual futures contracts. This dashboard provides real-time analytics for all HIP-3 markets, including volume, open interest, and deployer performance data.
HIP-3 Deployers
Six deployers currently operate on HIP-3, each offering unique markets and using different collateral base assets:
- Trade[XYZ] — The largest HIP-3 deployer by volume, using USDC as collateral. Offers 40+ markets including major equities, commodities, and indices.
- hyENA — Uses USDE (Ethena USDe) as collateral. Provides access to stocks, metals, and crypto perpetuals.
- Dreamcash — Operates with USDT0 collateral. Focuses on high-demand equity and commodity markets.
- Kinetiq Markets — Uses USDH collateral. Covers equities, commodities, forex, and crypto.
- Felix — Also USDH-based. Offers a curated selection of TradFi and crypto markets.
- Ventuals — USDH collateral. Provides a diverse range of perpetual futures markets.
Available Asset Classes
HIP-3 markets span four major asset classes:
- Equities — Trade stocks like Tesla (TSLA), Nvidia (NVDA), Apple (AAPL), Google (GOOGL), Amazon (AMZN), Meta, Microsoft, AMD, Netflix, Intel, Coinbase, MicroStrategy, Palantir, and dozens more as on-chain perpetual futures.
- Commodities — Gold, Silver, Copper, Crude Oil, Natural Gas, and agricultural commodities.
- Forex — Major currency pairs including EUR/USD, GBP/USD, USD/JPY, and the US Dollar Index (DXY).
- Crypto — Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other cryptocurrency perpetuals.
Base Collateral Assets
HIP-3 deployers use four different stablecoins as collateral: USDC (Circle), USDE (Ethena USDe), USDT0 (Tether), and USDH. Each deployer is configured with a single collateral token that determines the settlement currency for all of its markets.
About This Dashboard
HypeTrad provides free, real-time analytics for the HIP-3 ecosystem on Hyperliquid. Track 24-hour trading volume, open interest, market counts, and compare performance across deployers, tokens, and base assets. Data is fetched directly from the Hyperliquid API.