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txd102023
$HYPE OI just crossed $12B, back to ~75% of its ATH.
The interesting part? $4B+ comes from HIP-3, with perps tied to stocks, indices and other TradFi assets.
POV: This isn’t just crypto derivatives recovering. Hyperliquid is becoming an on-chain trading venue for TradFi.
The bigger bet: how much of TradFi eventually moves on-chain?
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