$400B traded. 99.8% priced by Pyth.
Nine months in, HyperLiquid HIP-3 has become a round-the-clock venue for equities, commodities, FX, metals, indices, and other real-world asset markets.
Traditional market infrastructure was never designed for continuous trading.
Equity exchanges close overnight, commodity markets follow regional schedules, and legacy data licensing can make redistribution and product creation slow.
Trader demand now moves faster than those constraints.
When macro events hit over a weekend or geopolitical risk shifts outside exchange hours, market participants want access immediately instead of waiting for traditional venues to reopen.
Hyperliquid needed a pricing layer built for that reality.
Through HIP-3, Pyth provides continuous access to institutional-grade market data across equities, commodities, foreign exchange, metals, and digital assets through one integration.
That pricing infrastructure now supports market creators across the Hyperliquid ecosystem, including Trade[XYZ], Dreamcash, MarketsXYZ, Paragon, and other HIP-3 venues using Pyth-powered pricing.
The impact is already visible:
→ $400B+ in cumulative HIP-3 trading volume
→ 352,000+ unique traders
→ 158M+ trades
→ $25M+ in trading fees
→ $6B+ in open interest across HIP-3 markets
Trade[XYZ] alone currently supports more than $3.5B in open interest.
During heightened geopolitical tensions around Iran and the Strait of Hormuz, traders wanted continuous crude exposure even while traditional market schedules created gaps.
Pyth’s 24/7 Oil Index was built for that kind of always-on environment, using institutional and onchain market sources to support continuous crude oil price discovery.
HIP-3 is not just a crypto-native venue now.
It is becoming a 24/7 macro trading venue, and Pyth powers the vast majority of market activity inside Hyperliquid’s HIP-3 global markets.
Markets that never close need pricing that never disappears.
#RWA #Hyperliquid