Hyperliquid HIP-3 Open Interest Hits $1.4B as Tokenized Commodities Surge

Hyperliquid’s HIP-3 aggregated open interest smashed through records to hit $1.74 billion on Sunday, marking a 25% vertical climb from $1.39 billion just last week. The surge is not being driven by Bitcoin or Ethereum, but by a massive capital rotation into tokenized commodities via Trade.xyz, the ecosystem’s dominant interface. While the broader crypto market chugs sideways and traditional commodity markets fa…