Hyperliquid RWA Open Interest Tops $4.13B as Tokenized Stocks Fuel Surge in Activity

Hyperliquid set a new benchmark in tokenized real-world asset (RWA) trading, with HIP3 open interest surpassing $4.13 billion for the first time. Data cited from Hyperscreener ASXN shows daily trading volume jumped 229% to $4.87 billion, outpacing the capital locked across the platform's markets. Trading accelerated as tokenized stocks, commodities, and indices drew strong participation while traditional equity markets were closed, offering around-the-clock access to familiar instruments. Contracts tied to memory chipmakers SK Hynix and Micron Technology ranked among the most active during the period, with some traders reallocating from memecoin speculation into tokenized equities. Palantir was the standout among tokenized stocks, rising 25.86% and driving sharp swings in leveraged positions. The move sparked a wave of liquidations: daily liquidations on markets deployed by xyz surged 544% and exceeded $19.25 million, underscoring how quickly leveraged exposure can unwind when tokenized equity prices move rapidly. Despite the record volumes, liquidity remained highly concentrated. Platform figures indicate xyz accounted for roughly $4.12 billion of the $4.13 billion total HIP3 open interest, while other deployers collectively held only $15 million to $20 million. Felix Protocol, an early participant in the Hyperliquid ecosystem, has announced it is shutting down its markets, highlighting the pressure on smaller providers. Hyperliquid's structure is a key factor in the imbalance. Deployers must lock 500 million HYPE tokens as collateral to launch a trading interface, and 50% of fees are directed to HYPE buybacks, raising the capital bar for new entrants. The latest records point to growing demand for tokenized RWAs and tokenized equities that remain tradable beyond conventional market hours. Hyperliquid's surge in open interest and volume signals a widening role for tokenized traditional assets in crypto trading, while also putting a spotlight on the need for more broadly distributed liquidity as the ecosystem expands. The post "Hyperliquid RWA Trading Hits $4.13B as Tokenized Stocks Dominate Market Activity" appeared first on 36Crypto.