Hyperliquid’s HIP-3 Protocol Records $720M Single-Day Weekend Trading

TheNewsCrypto2026-03-09 tarihinde yayınlandı2026-03-09 tarihinde güncellendi

Özet

Hyperliquid's HIP-3 protocol, a record-breaking $720 million in single-day weekend trading volume, driven by heightened demand for on-chain access to traditional assets. According to Pine Analytics, this surge is attributed to two key events: a silver price rally in January and geopolitical tensions in late February that drove traders to decentralized platforms when traditional markets were closed. The platform's native token, HYPE, saw a 2.67% price increase and a 55% rise in 24-hour trading volume, reflecting growing adoption. Analysts suggest that if this accelerating trend continues, HYPE is well-positioned to outperform other crypto assets.

Hyperliquid platform is seeing rising trading activity with growing demand for on-chain access to traditional assets, where Hyperliquid’s HIP-3 protocol, a permissionless perpetuals initiative, delivered its biggest single-day weekend trading volume and the strong participation on the tradexyz platform, while the HYPE token also surged.

According to the on-chain analytics research hub, Pine Analytics, “Between November 20th and January 12th, tradexyz volume was relatively flat at about $300M–$500M on weekdays and $50M–$100M on weekends.” With that, on Sunday, the platform reached a record $720 million in single-day trading volume.

Silver Rally and Geopolitical Tensions Drive Activity

Pine Analytics explains that Tradexyz has seen two big waves of trading in the past month. The first major surge in activity was fueled by silver price moves on January 12 and saw prices jump from $85 to $114 in less than two weeks before falling back to $80. This extreme volatility prompted significant retail participation, and the maximum trading volumes for silver contracts on Tradexyz were $460 million on weekends and $4.67 billion on weekdays.

Next, the second surge occurred after the US-Israel vs. Iran conflict began on February 28, which was a weekend, when traditional crude oil markets were closed, prompting traders to move to decentralized platforms, thus Hyperliquid/tradexyz recorded $630M in weekend volume. As the conflict continued, crude oil prices jumped 80%, pushing tradexyz to a new high of weekend trading.

These two surges show that the Hyperliquid platform is helping people trade traditional assets even if they don’t have access to regular banks or stock markets, or when those markets are closed, and the research concluded, “If this pattern continues, which is only showing signs of accelerating, HYPE is positioned very well to benefit from this and continue its strength against other crypto assets.”

With that, Hyperliquid’s native token HYPE saw 2.67% gains in the last 24 hours, and the token is trading at $31.29. Also, the 24-hour trading volume surges over 55%. As this growing platform adoption contributed to the gains seen in HYPE, even though the token remains down around 6% over the past month.

Highlighted Crypto News Today:

Ethena (ENA) Price Squeezed Between $0.119 and $0.095: Is a Breakout or Breakdown Next?

İlgili Sorular

QWhat record did Hyperliquid's HIP-3 protocol achieve over the weekend according to the article?

AHyperliquid's HIP-3 protocol achieved a record $720 million in single-day weekend trading volume.

QAccording to Pine Analytics, what were the two major events that drove significant trading activity on Tradexyz in the past month?

AThe two major events were a silver price surge on January 12 and the beginning of the US-Israel vs. Iran conflict on February 28.

QHow did the article describe the performance of Hyperliquid's native token HYPE in the last 24 hours?

AHyperliquid's native token HYPE saw a 2.67% gain in the last 24 hours, trading at $31.29, with its 24-hour trading volume surging over 55%.

QWhat key advantage does the Hyperliquid platform provide for trading traditional assets, as highlighted in the research conclusion?

AThe Hyperliquid platform allows people to trade traditional assets even without access to regular banks or stock markets, or when those markets are closed.

QWhat was the maximum weekday trading volume for silver contracts on Tradexyz during the first surge of activity?

AThe maximum weekday trading volume for silver contracts on Tradexyz was $4.67 billion.

İlgili Okumalar

STAR 50 Soars 10.73%, Why Did A-Shares Stage a "V-Shaped Reversal"?

After a prolonged decline, the Chinese A-share market staged a strong rally on July 21. The STAR 50 index surged 10.73%, its largest single-day gain in nearly a year, leading a broad-based "V-shaped" reversal. The Shanghai Composite Index rose 1.79%, the Shenzhen Component Index gained 4.81%, and the ChiNext Index jumped 7.05%. Total market turnover reached 2.97 trillion yuan, an increase of 256.1 billion yuan from the previous session, with over 3,100 stocks advancing. The semiconductor sector spearheaded the rebound, with related ETFs posting significant gains. Analysts attribute the surge to three converging factors. First, coordinated capital inflows from "national team" institutions, insurance funds, listed company buybacks, and fund house self-purchases have bolstered market liquidity and confidence. Second, supportive policy signals, including commitments from regulators to ensure stable market operations, provided a favorable backdrop. Third, a stabilization and recovery in overseas markets, notably South Korea, created a positive external environment. Institutions suggest the most severe panic selling phase for the tech sector has likely passed, following a significant digestion of crowded positions and leveraged funds. While short-term volatility may persist, the medium to long-term outlook remains underpinned by enduring trends like AI computing demand expansion and semiconductor localization. The market's focus now shifts to the sustainability of supportive fund flows, earnings reports, and upcoming catalysts from the global AI industry chain.

marsbit14 dk önce

STAR 50 Soars 10.73%, Why Did A-Shares Stage a "V-Shaped Reversal"?

marsbit14 dk önce

U.S. Tech Momentum Stocks Post Largest Single-Day Gain Ever, But Is the Plunge Over?

US tech momentum stocks staged a sharp rebound on Tuesday (July 21st). Morgan Stanley's TMT Momentum Factor surged over 12%, marking its largest single-day gain on record, exceeding even peaks from the 2000 dot-com bubble. Key momentum indices from Goldman Sachs also posted their strongest daily performances in years. The rally was led by semiconductors, with the Philadelphia Semiconductor Index jumping 4.6%. This rebound followed three consecutive down days and a cumulative 33% plunge in momentum stocks, one of the steepest drawdowns since the dot-com era. Analysts attribute the surge largely to a short squeeze. Heavy selling had pushed high-beta momentum stocks into deeply oversold territory, forcing many short sellers, particularly in Asia, to cover their positions, creating a self-reinforcing buying spiral. However, the rebound's internals appear weak. Trading volume was notably low, and advancing stocks still lagged decliners on the S&P 500, indicating a narrow, concentrated rally rather than broad market participation. Diverging views emerge on the outlook. BTIG warns the bounce has hit key resistance and recommends selling into strength, citing extreme volatility and historical parallels to past market tops. Conversely, Goldman Sachs and UBS believe the momentum unwind is nearing its end, suggesting it may be time to gradually add exposure, as positioning has been significantly reduced. They caution, however, that high volatility warrants a measured approach, potentially using defined-risk strategies. The upcoming earnings season, particularly reports from major tech firms like Alphabet, is seen as a critical test for the rally's sustainability. Simultaneously, bond markets flashed a warning, with yields rising partly due to spiking oil prices. Analysts note that if long-term Treasury yields break decisively higher, it could pose a significant headwind for equities, especially growth stocks.

marsbit22 dk önce

U.S. Tech Momentum Stocks Post Largest Single-Day Gain Ever, But Is the Plunge Over?

marsbit22 dk önce

U.S. Tech Momentum Stocks Record Largest Single-Day Gain Ever, but Has the Rout Ended?

U.S. tech momentum stocks staged a dramatic rebound on Tuesday, July 21st. Key momentum indices like the Morgan Stanley TMT Momentum Factor and Goldman Sachs' High Beta Momentum Long Index posted historic or near-historic single-day gains, fueled largely by semiconductor stocks. This sharp rally followed a severe three-day sell-off that saw momentum stocks plunge 33%, marking one of the steepest pullbacks since the dot-com bubble. Analysts attribute the bounce primarily to a short squeeze, as forced covering from over-leveraged traders, particularly in Asia, created a buying spiral. However, the rally's health is questioned due to weak market breadth—overall trading volume was low, and decliners outnumbered advancers in the S&P 500 despite the index's gain—suggesting a narrow, concentrated surge rather than broad recovery. Opinions on the sustainability diverge. BTIG strategists warn the rebound has hit key resistance levels, citing extreme volatility and historic stock dispersion as signs of an ongoing broader correction, and recommend selling into strength. Conversely, Goldman Sachs and UBS view the aggressive momentum unwinding as nearing its end, noting reduced positioning and a lack of new fundamental catalysts. They suggest the sell-off presents a selective opportunity to add exposure, albeit cautiously and gradually using defined-risk strategies. The immediate trajectory hinges on the ongoing earnings season, with market focus on Alphabet's capital expenditure guidance for AI investment clarity. Meanwhile, bond markets present a risk, with rising Treasury yields—potentially heading toward 5.5%—and widening credit spreads for mega-cap tech companies posing a threat to equity valuations. The combination of technical factors, earnings results, and macro conditions leaves the durability of the rebound in doubt.

链捕手24 dk önce

U.S. Tech Momentum Stocks Record Largest Single-Day Gain Ever, but Has the Rout Ended?

链捕手24 dk önce

Bitcoin flashes 3 macro-bottom signals – But can BTC reach $70K?

The article discusses Bitcoin's recent price movement above $66,000 and a shift in market analysis from focusing on a local bottom to a potential macro-cycle bottom. It cites a crypto analyst noting that BTC has flashed three historical technical signals that previously coincided with major market bottoms in 2015, 2019, and 2022, suggesting the current zone could be a strong long-term accumulation area. However, the article also highlights a significant challenge: despite the price breakout, on-chain data shows a lack of supporting liquidity. Stablecoin dominance is rising while the total stablecoin market cap is shrinking, with capital continuing to leave exchanges. This divergence indicates that while the technical setup is bullish, the rally may struggle to sustain enough momentum for a decisive move into the $70,000 region without an influx of fresh capital.

ambcrypto26 dk önce

Bitcoin flashes 3 macro-bottom signals – But can BTC reach $70K?

ambcrypto26 dk önce

Long-Divided Must Unite, Long-United Must Divide: When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

"The Inevitable Cycle: When L1 Becomes Its Own Rollup – What is Ethereum's Endgame?" For years, the Ethereum community grappled with concerns that L2s were fragmenting the ecosystem and eroding L1's value. While L2s provided cheaper execution, they also splintered liquidity and the unified user experience of a single chain. This has prompted a fundamental reassessment of the relationship between L1 and L2. Ethereum's roadmap is evolving. The "Scale" initiative merges L1 and L2 expansion into a holistic framework. L1 itself is advancing with higher gas limits, statelessness, and zkEVM verification, no longer content to be just a low-throughput settlement layer. Consequently, the primary value proposition of L2s is shifting from merely providing cheap blockspace to offering L1 cannot easily provide: application-specific optimizations, privacy features, and flexible governance models. L2s are becoming a spectrum of execution environments with varying degrees of security inheritance from Ethereum. A critical challenge in this multi-chain future is interoperability. The vision is to make Ethereum "feel like one chain again." This relies on advancements in native account abstraction (like EIP-7702) and intent-based architectures (Open Intents Framework), where users declare desired outcomes, and solvers handle the complex cross-chain execution. Furthermore, shortening Ethereum's finality time from minutes to seconds is crucial, as it underpins trust between chains for bridges, stablecoins, and cross-chain applications. Perhaps the most provocative idea is that Ethereum L1 itself could become a form of "its own Rollup." As zkEVM and proof systems mature, high-performance nodes could execute transactions and generate validity proofs. Regular validators would then verify these proofs instead of re-executing all transactions. This blurs the traditional L1/L2 hierarchy, making "Rollup" more of a general execution-verification architecture. Native Rollup aims to integrate L2 validation more directly into the Ethereum protocol, allowing L2s to inherit L1's security more fully and move away from reliance on security councils. In the end, L2s are not destined to replace L1 or be made obsolete by it. The likely future is a unified system where diverse execution environments—each optimized for specific use cases like DeFi, gaming, or privacy—coexist. They will share a common foundation of security, liquidity, and verifiable state, seamlessly connected to restore a cohesive user experience. The next phase for Ethereum is not just about scaling through separation, but about intelligently reintegrating what was separated back into a coherent whole.

链捕手40 dk önce

Long-Divided Must Unite, Long-United Must Divide: When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

链捕手40 dk önce

İşlemler

Spot