DeFi· ★★★· neutral·

Glassnode: Hyperliquid HIP-3 stock and oil perps top Bitcoin turnover

  • —HIP-3 turnover averaged about $2.6B a day versus $2.4B for BTC perps
  • —SK Hynix, the S&P 500 and a tech index led, with crude oil next
  • —Volume measures turnover, not committed capital or collateral flows
  • —Off-hours pricing relies on implied futures and an internal oracle fallback
Why it matters: Sustained open interest and executable depth would cement Hyperliquid as a venue for perpetuals on traditional assets.
#BTC
Source: Coindoo
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