HIP-3 went from $24M to $5.2B daily volume in 4 months. Silver perps alone account for half.
> Most traded on-chain perps? Silver, Nasdaq index, Gold
> Underlying assets are TradFi, so weekend closures hit directly. Feb 6 (~$2.95B) → Feb 7 ( ~$153M)
Feb 11, 2026
HIP-3 went from $24M to $5.2B daily volume in 4 months. Silver perps alone account for half.
> Most traded on-chain perps? Silver, Nasdaq index, Gold
> Underlying assets are TradFi, so weekend closures hit directly. Feb 6 (~$2.95B) → Feb 7 ( ~$153M)
