Open interest in Hyperliquid's HIP-3 has reached $793 million, driven by activity in commodities. HIP-3, also known as "Builder Deployed Perpetuals," enables users to create new perpetual futures markets on the Hyperliquid blockchain by staking 500,000 HYPE. The development allows for the creation of new perpetual futures markets.

Open interest in Hyperliquid's HIP-3 has reached $793 million, driven by activity in commodities. HIP-3, also known as "Builder Deployed Perpetuals," enables users to create new perpetual futures markets on the Hyperliquid blockchain by staking 500,000 HYPE. The development allows for the creation of new perpetual futures markets.