The post Hyperliquid’s HIP-3 custom markets go live with $500M+ in 24-hour trading volume appeared on BitcoinEthereumNews.com. Hyperliquid recorded one of its busiest trading days of the month after launching HIP-3 custom markets, with its Hyperliquid interface showing more than $500 million in trading volume over the past 24 hours poured into synthetic markets linked to equity underlyings. HIP-3 introduced xyz, flx, and vnti to the decentralized exchange, which currently supports more than 20 tokens. Most of these track equity benchmarks or single-stock exposures using synthetic perpetual contracts.  The broad-based XYZ100 that traders have equated to the Nasdaq100 index led the day with $320 million in trading volume. NVDA followed with $66 million, while GOOGL reached $45 million.  Tesla, Microsoft, and Palantir markets each reported between $8 million and $28 million in daily volume. Their open interest figures were concentrated between $1.4 million and $6.3 million, a rather healthy positioning even among individual equities with smaller relative market caps.  HIP-3 market activity crosses $500 million in daily volume According to Hyperliquid’s developer notes forum, HIP-3 allows any user who locks a defined amount of HYPE tokens to create their own perpetual futures markets on the Hyperliquid blockchain. The requirement initially stands at 500,000 HYPE, and stakers can access a reward system in which market creators earn 50% of the transaction fees produced by their listings. The 24-hour trading session also featured “growth mode,” first deployed during HIP-3’s activation to accelerate liquidity formation by cutting taker fees from 0.045% to as low as 0.0045% and 0.009%, more than 90% down from the standard mode.  Protocol fees and maker rebates were also reduced by 90%, creating one of the lowest-cost environments in decentralized finance for new market listings. The strong volume was accompanied by sizable price upticks in many of the HIP-3 synthetic tokens. META-USDC topped the biggest earners by climbing 4.44% to $638.69 after gaining 27.18 points. PLTR-USDC… The post Hyperliquid’s HIP-3 custom markets go live with $500M+ in 24-hour trading volume appeared on BitcoinEthereumNews.com. Hyperliquid recorded one of its busiest trading days of the month after launching HIP-3 custom markets, with its Hyperliquid interface showing more than $500 million in trading volume over the past 24 hours poured into synthetic markets linked to equity underlyings. HIP-3 introduced xyz, flx, and vnti to the decentralized exchange, which currently supports more than 20 tokens. Most of these track equity benchmarks or single-stock exposures using synthetic perpetual contracts.  The broad-based XYZ100 that traders have equated to the Nasdaq100 index led the day with $320 million in trading volume. NVDA followed with $66 million, while GOOGL reached $45 million.  Tesla, Microsoft, and Palantir markets each reported between $8 million and $28 million in daily volume. Their open interest figures were concentrated between $1.4 million and $6.3 million, a rather healthy positioning even among individual equities with smaller relative market caps.  HIP-3 market activity crosses $500 million in daily volume According to Hyperliquid’s developer notes forum, HIP-3 allows any user who locks a defined amount of HYPE tokens to create their own perpetual futures markets on the Hyperliquid blockchain. The requirement initially stands at 500,000 HYPE, and stakers can access a reward system in which market creators earn 50% of the transaction fees produced by their listings. The 24-hour trading session also featured “growth mode,” first deployed during HIP-3’s activation to accelerate liquidity formation by cutting taker fees from 0.045% to as low as 0.0045% and 0.009%, more than 90% down from the standard mode.  Protocol fees and maker rebates were also reduced by 90%, creating one of the lowest-cost environments in decentralized finance for new market listings. The strong volume was accompanied by sizable price upticks in many of the HIP-3 synthetic tokens. META-USDC topped the biggest earners by climbing 4.44% to $638.69 after gaining 27.18 points. PLTR-USDC…

                                                                               Robinhood acquired an Indonesian brokerage and digital asset trading firm to access a market with 17 million crypto investors.                     Crypto and stock trading platform Robinhood is set to tap into Indonesia’s burgeoning cryptocurrency trading market after an agreement to acquire two local fintech companies.In an announcement on Sunday, Robinhood said it has entered into agreements to acquire Buana Capital, an Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed Indonesian digital financial asset trader, “marking our entry into one of Southeast Asia’s fastest-growing markets.”It said that Indonesia has more than 19 million capital market investors and 17 million crypto investors, making it a “compelling market for equities and crypto trading.”Read more