Hyperliquid's daily trading volume hit a record high of $5.4 billion

Commodities Take Over Hyperliquid as HIP-3 Market Hits $5.4B Daily Volume

Hyperliquid's HIP-3 market just had a massive day. On March 23rd, it hit a record $5.4 billion in single-day trading volume. The driving force? Strong activity in commodity perpetuals.

Let's break down the numbers. Silver led the pack with roughly $1.3 billion in volume. WTI crude wasn't far behind at around $1.2 billion. Brent crude pulled in about $940 million, while gold saw roughly $558 million. That's a lot of action outside the usual crypto plays.

This surge in commodity trading signals a pretty big shift. Non-crypto assets aren't just competing with the likes of bitcoin and ethereum anymore—they're starting to steal the spotlight.