Hyperliquid’s “Quiet Revolution”: From Crypto-Native to Full-Asset Trading Hub | Blockchain Industry Original In-Depth Content – Authoritative Industry Analysis Report Interpretation – Blockchain Technology Application Analysis
The story of Hyperliquid is, at its core, a “decentralized efficiency revolution.”
By Kulibei, TechFlow
Over the past month, crypto market attention has been fixated on Bitcoin’s volatile back-and-forth price action—or simply diverted to the booming bull run in gold and silver. Yet amid this seemingly dull sideways grind, one platform has quietly launched an offensive: Hyperliquid.
Let’s start with the data. On Monday, January 27, Hyperliquid’s HIP-3 open interest hit a record high of $793 million. Just one month earlier, it stood at only $260 million.
What is HIP-3?
In short, it’s Hyperliquid’s “permissionless perpetual contract deployment” feature, launched in October last year. Anyone who stakes 500,000 HYPE tokens can…




