Hyperliquid’s HIP-3 ecosystem processes $120 billion in volume, offering retail access to pre-IPO markets like SpaceX and OpenAI.
Hyperliquid’s HYPE token climbed 5% to $45.17 over the past 24 hours, extending its 69% annual gain as crypto markets face broader declines. The rally follows surging activity in its HIP-3 perpetual futures ecosystem, which has handled over $120 billion in total volume since launch.
The platform’s third-party deployers, including TradeXYZ and Hiive, now generate nearly half of Hyperliquid’s total volume, enabling retail traders to speculate on pre-IPO valuations for companies like SpaceX, Anthropic, and OpenAI. These firms are targeting $1 trillion-plus valuations, a segment traditionally limited to institutional investors.
HIP-3’s growth highlights demand for early-stage exposure to high-profile tech listings, with some markets pricing within 3% of Nasdaq opens while others remain significantly discounted.