Dashboard · VantagePlanned

Hyperliquid HIP-3 Markets: Equity and RWA Perps

Which HIP-3 markets on Hyperliquid carry the most open interest and volume?

Every builder-deployed HIP-3 market on Hyperliquid with its open interest, volume, funding and the HYPE its deployer has staked.

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Blueprint

What the dashboard will show.

The dashboard as it will open in Vantage. Each figure is named here and arrives with its receipt; until its data is published, its place stays empty.

  • HIP-3 DEX
  • Period

Markets

Every HIP-3 market's open interest, volume and funding.

HIP-3 open interest

USD

Open interest across every HIP-3 market at the latest read, one side, at oracle prices.

Figureperps_markets_dailyAwaiting data

HIP-3 volume, 24 hours

USD

Notional traded across HIP-3 markets over the trailing day, from each market's day volume.

Figureperps_markets_dailyAwaiting data

HIP-3 markets

count

Markets listed across all builder-deployed DEXs at the latest read.

Figureperps_markets_dailyAwaiting data

Share of Hyperliquid open interest

%

HIP-3 open interest as a share of all Hyperliquid perp open interest at the same read.

Figureperps_markets_dailyAwaiting data

Every HIP-3 market

Each market with its DEX, underlying, open interest, day volume, hourly funding, oracle price and maximum leverage.

Tableperps_markets_dailyAwaiting data

Open interest by market

USD

Each HIP-3 market's open interest at the latest read, grouped by DEX.

Treemapperps_markets_dailyAwaiting data

Deployers

HIP-3 DEXs, their deployers' stake and open interest over time.

HIP-3 DEXs

count

Builder-deployed perp DEXs live on HyperCore at the latest read.

Figureperps_markets_dailyAwaiting data

HYPE staked by deployers

HYPE

HYPE staked by all HIP-3 deployers, from HyperCore staking state.

Figureperps_markets_dailyAwaiting data

Open interest by DEX

USD

Each HIP-3 DEX's share of HIP-3 open interest at the latest read.

Donutperps_markets_dailyAwaiting data

HIP-3 open interest by day

USD

HIP-3 open interest at each day's first L1 block after 00:00 UTC, stacked by DEX.

Stacked areaperps_markets_dailyAwaiting data

HIP-3 DEX
Every HIP-3 DEX by name, or all
Period
Last 7, 30 or 90 days
About

What it answers, and for whom.

HIP-3 lets builders deploy their own perpetual markets on Hyperliquid's HyperCore. A deployer stakes HYPE, runs a separate perp DEX with its own oracle and fee settings, and lists markets that Hyperliquid does not list itself, such as perps on equities, indices, commodities and other real-world assets. This dashboard follows every one of those markets.

For each market it reads open interest, volume, funding and the oracle price from HyperCore state, and for each deployer the HYPE it has staked as a bond. Open interest is counted on one side, as on Hyperliquid's own markets, and every figure names the L1 block it was read at.

Method

How it will be measured.

Every figure will be read at a block, kept with its source and its exact read, and open a receipt anyone can re-check.

How receipts work →
  1. HIP-3 DEXs, their deployers, names and fee settings come from HyperCore's perpDexs list, and each DEX's markets from its own perp universe metadata.
  2. Open interest, funding, mark price, oracle price and day volume come from metaAndAssetCtxs for each HIP-3 DEX, stored with the L1 block height of the read; open interest is one side, at the oracle price.
  3. Each market's oracle is set by its deployer, so oracle updates are recorded per market to show how often its price is refreshed.
  4. Deployer stake is read from HyperCore staking state for each deployer address, and daily history uses a snapshot at the first L1 block after 00:00 UTC.

The data it needs

Read from chain state and history

  • perps_markets_dailyTo buildOn-chain perpetualsVolume, open interest, funding rates and fees per market on on-chain perpetual exchanges, per day.
  • HyperCore perpDexs list: deployer, name and fee settings
  • metaAndAssetCtxs for each HIP-3 DEX: openInterest, funding, markPx, oraclePx and dayNtlVlm
  • Deployer HYPE stake from HyperCore staking state
  • HIP-3 oracle price updates per market
  • Daily snapshots at the first L1 block after 00:00 UTC for history
Questions

Questions people ask.

What is HIP-3 on Hyperliquid?

A Hyperliquid improvement proposal that lets anyone who stakes enough HYPE deploy a perpetual futures DEX on HyperCore. The deployer chooses the markets, runs their oracle and sets fees within limits, while Hyperliquid's chain handles matching, margin and liquidations.

What can HIP-3 markets trade?

Any asset a deployer can price with an oracle: equities, indices, commodities, currencies and crypto assets Hyperliquid does not list itself. Equity and other real-world asset perps track a reference price and do not hold the underlying asset.

Why do HIP-3 deployers stake HYPE?

The stake is a bond for running markets honestly. Validators can slash it if a deployer misbehaves, for example with a faulty or manipulated oracle, which gives deployers a reason to maintain their markets.

How do HIP-3 markets differ from Hyperliquid's own?

They add a dependency on the deployer's oracle and settings, and their books are often thinner. For equity perps, the hours when the underlying market is closed can matter too. The dashboard shows oracle update frequency and open interest so readers can judge each market.

How is HIP-3 open interest counted?

On one side, in coins and in USD at the oracle price, the same way as Hyperliquid's own markets. Longs and shorts are not added together.

HIP-3
Hyperliquid's standard for builder-deployed perpetual DEXs, each with its own markets, oracle and fee settings on HyperCore.
Deployer stake
The HYPE a HIP-3 deployer stakes as a bond, which validators can slash for misconduct.
Equity perp
A perpetual future that tracks a stock or stock index price, settled in stablecoins, without holding the shares.

Build Hyperliquid HIP-3 Markets: Equity and RWA Perps on verified data.

Start free in Voltfin Studio: boards, tables and reports where every number opens its receipt. Tell us which data you need first and we will build it next.