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      TradeXYZ HIP-3 Contract Drives User Growth for Hyperliquid

      HyperDash's Chief Revenue Officer, Hanson Birringer, announced that the launch of the TradeXYZ HIP-3 contract on October 13, 2025, has significantly boosted user acquisition for Hyperliquid. Within a few months, the HIP-3 markets emerged as the largest source of new users for the platform. Data shows that out of 356,886 wallets that traded on the xyz market, 173,794 were first-time users of Hyperliquid, representing 48.7% of the total. This figure would increase to 231,184 if certain bot and oil farm wallets were included in the count.

      The open interest for the xyz market has seen remarkable growth, rising from 0.2% at its launch to 25.9% as of September 8, 2026, with a peak of 37.2%. During the same period, the total open interest on the Hyperliquid exchange surged from $7.4 billion to $14.3 billion. The share of first-time users on Hyperliquid also increased significantly, climbing from 22% at launch to 60% during a boom in semiconductor and storage markets.

      Currently, Hyperliquid hosts 104 live markets, with five major catalysts contributing to a quarter of the exchange's open contracts and trading volume. This growth underscores the impact of the TradeXYZ HIP-3 contract on expanding Hyperliquid's user base and overall market activity.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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