Hyperliquid's Permissionless Perpetuals Reach $5.2B in Daily Volume

On February 5, Hyperliquid’s HIP-3 markets achieved a remarkable $5.2 billion in trading volume, driven by a surge in metals trading activity.

On February 5, Hyperliquid's HIP-3 permissionless perpetual markets witnessed an impressive $5.2 billion in daily trading volume.

This significant surge in activity can be attributed to an ongoing frenzy in the metals market, which has drawn considerable trader interest and engagement. The rise in trading volumes highlights the growing appeal of decentralized trading platforms like Hyperliquid, especially in volatile market conditions.