🚨LATEST: HYPERLIQUID OPEN INTEREST HITS $1.43B ALL-TIME HIGH
Hyperliquid has recorded a new milestone in open interest on March 14.
HIP-3 market open interest surged past $1.43 billion, according to data from The Block
This marks the highest level ever on the platform. Trading activity has expanded beyond crypto pairs.
WTI crude oil perps hit $1.39 billion in 24-hour volume. The contract ranked second across all markets. It trailed only $BTC in trading activity. It outperformed $ETH in daily volume
the battle amongst newly-launched stables rages on.
Paypal's $PYUSD launched in mid-2023 while ripple's $RLUSD launched over a year later in 2024.
While both giants in the next generation of stablecoins, PayPal's play is far outpacing Ripple's currently, with a market cap of ~$4 billion compared to Ripple's ~$1.5 billion.
🚨 CRYPTO: TRADFI IS CRACKING. CRYPTO INFRASTRUCTURE IS ABSORBING THE OVERFLOW.
Oil above $100. VIX at 27. Traditional markets under geopolitical stress. Meanwhile
Distributed RWA value: $27.05B, up 8.54% in 30 days. Tokenized US Treasuries alone: $11.2B. Stablecoin market: $300.54B with 237M holders. Tokenized stocks just crossed $1B
BlackRock, JPMorgan, and Franklin Templeton are moving from pilots to production. NYSE building a 24/7 tokenized securities platform. Stablecoins processed ~$46T in volume last year - 20x PayPal, 3x Visa
The rails are live. The institutions are on them. $XRP