The Infrastructure Shift: How Open Finance Is Reshaping Trading Volume
At the TOKEN2049 conference in Singapore, Hyperliquid founder Jeff Yan disclosed a striking statistic: in July this year, the HIP-3 market accounted for approximately 51% of the platform's total trading volume. This figure points to a structural shift in market demand for innovative financial products.
Real-World Assets Emerge as Key Perpetual Contract Products
Yan highlighted the accelerating convergence between traditional finance and decentralized systems. Perpetual contracts for real-world assets (RWA) such as crude oil and Pre-IPO equities have become among the fastest-growing categories on the HIP-3 market.
This trend reflects a broader movement toward democratizing financial systems. Complex instruments once accessible only to institutional players are now being opened to individual investors through blockchain's transparency and security features.
Infrastructure-First Approach: Lowering Barriers for Developers
Hyperliquid positions itself as an open protocol and financial infrastructure rather than merely a trading platform. Its Builder Codes enable developers to tap directly into Hyperliquid's market depth and liquidity network without building complex backend systems from scratch.
- Developers can focus on product innovation and user experience
- Reduces redundant investment in liquidity aggregation and risk management
- Accelerates time-to-market for new financial applications
This infrastructure-centric mindset is altering the competitive landscape in DeFi. As underlying technology stacks become standardized and composable, innovation will shift from infrastructure to the application layer—benefiting the entire ecosystem and its users.