🚀 Presto Labs to Provide Liquidity for South Korean Stock Derivatives on Hyperliquid
#PrestoLabs #Liquidity #SouthKoreanStockDerivatives #Hyperliquid #QuantitativeTrading #MarketMaking #TradeXYZ #DecentralizedExchange #Layer1 #HIP3Protocol #SamsungElectronics #SKHynix #HyundaiMotor
Presto Labs, a firm specializing in quantitative trading and market-making, has announced its intention to offer liquidity for South Korean stock derivatives within the Hyperliquid ecosystem. According to NS3.AI, this initiative will begin on the first day of listing on Trade[XYZ], a decentralized exchange that utilizes Hyperliquid's Layer 1 HIP-3 protocol. The derivatives will encompass major South Korean corporations, including Samsung Electronics, SK Hynix, and Hyundai Motor.#PrestoLabs #Liquidity #SouthKoreanStockDerivatives #Hyperliquid #QuantitativeTrading #MarketMaking #TradeXYZ #DecentralizedExchange #Layer1 #HIP3Protocol #SamsungElectronics #SKHynix #HyundaiMotor
🚀 Hyperliquid's 13% Price Rally Amid US-Iran Tensions
#Hyperliquid #PriceRally #USIranTensions #Commodities #PerpetualFutures #HIP3Protocol #NS3AI #OpenInterest #RegulatoryChallenges #KYC
Hyperliquid experienced a significant 13% price increase as geopolitical tensions between the United States and Iran prompted traders to turn to its derivatives platform during a weekend when traditional markets were closed. According to NS3.AI, the platform's open interest for commodities-linked perpetual futures reached an unprecedented high of over $1.1 billion, driven by the adoption of its HIP-3 protocol upgrade. Despite this growth, the platform faces potential regulatory challenges due to its lack of compliance measures such as Know Your Customer (KYC), which may attract scrutiny from U.S. authorities.#Hyperliquid #PriceRally #USIranTensions #Commodities #PerpetualFutures #HIP3Protocol #NS3AI #OpenInterest #RegulatoryChallenges #KYC
🚀 Trade.xyz's HIP-3 Protocol Sees Record Open Interest on Hyperliquid Platform
#HIP3Protocol #HyperliquidPlatform #OpenInterest #CrudeOil #WTI #Brent #USIranTensions #StraitOfHormuz #TradingVolume #BlockBeats #ETH
Trade.xyz's traditional asset mapping contracts, deployed via the HIP-3 protocol on the Hyperliquid platform, have reached a new peak in open interest, according to BlockBeats. The open interest has surged to $2.16 billion, accounting for over 90% of the HIP-3 market share. Concurrently, trading volume has climbed to a weekly high of approximately $3.97 billion.
Additionally, ongoing tensions between the U.S. and Iran have led to fluctuations in crude oil prices, with any developments in the Strait of Hormuz impacting the market. The combined trading volume of WTI and Brent crude oil has surpassed $1.08 billion, reaching $1.28 billion. WTI crude oil, experiencing a price increase over Brent, has seen more active trading, with a single-day volume of $837 million, surpassing ETH trading volume on the Hyperliquid platform.#HIP3Protocol #HyperliquidPlatform #OpenInterest #CrudeOil #WTI #Brent #USIranTensions #StraitOfHormuz #TradingVolume #BlockBeats #ETH