Woofun AI data shows that Hyperliquid's HIP-3 framework now accounts for nearly 50% of the platform's total perpetual contract trading volume, a sharp increase from approximately 2% at the start of the year. This expansion aligns with growing retail participation in on-chain equity trading.

TradeXYZ leads the HIP-3 ecosystem, offering derivatives such as the XYZ100 index tracking the Nasdaq 100, alongside perpetual contracts for individual equities including Nvidia and Tesla.