Precious Metals Spark New Wave in Crypto Derivatives Market
Recent data reveals that decentralized derivatives platform HIP-3 has achieved a record daily trading volume of over $5.2 billion. This milestone marks the highest level since its launch in October 2025.
Silver Contracts Drive Trading Surge
Market analysis highlights precious metals contracts, particularly silver, as the main driver. A major market maker operating on HIP-3 accounted for nearly 90% of the platform's trading volume, with silver contracts alone reaching $40.9 billion in daily turnover, representing 68% of HIP-3's total trading volume.
- Daily silver trading volume hits $40.9 billion
- Price volatility in precious metals attracts traders
- Increased correlation between crypto and traditional assets
Market Volatility Sparks Growth
Since late January, precious metals prices have experienced significant fluctuations, with gold briefly surpassing $5,000 per ounce and silver hitting $100. Although both metals saw sharp corrections afterward, trading activity surged. At its peak, open interest on HIP-3 reached $1.06 billion and currently stands at $665 million, reflecting an 88% increase from previous levels.
Industry experts note that the interconnection between precious metals and crypto assets is deepening, with growing demand for diversified asset allocation and driving innovation in decentralized finance platforms.