Hyperliquid's HIP-3 market has reached a new milestone with total open interest hitting $1.43 billion, marking an all-time high. This represents a more than 100-fold increase since the market's inception six months ago. The trading platform trade.xyz, developed by Hyperliquid's tokenization division Hyperunit, dominates the HIP-3 market, accounting for approximately 90% of open interest and daily trading volume, which stands at $22 billion. The majority of trading pairs on trade.xyz are tokenized traditional assets, such as S&P 500 and Nasdaq indices, individual stock futures, and commodities like gold and crude oil, with only seven of the top 30 pairs being cryptocurrency assets. The HIP-3 market's growth is attributed to its 24/7 trading capability, allowing traditional assets to be traded beyond conventional market hours.