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  1. Home
  2. Hyperliquid
  3. HIP-3
HIP-3HIP-4

Hyperliquid HIP-3 markets

Live HIP-3 builder markets on Hyperliquid, with DEX, category, price, open interest, volume, and 7-day charts.

Hyperliquid HIP-3 FAQ

What are Hyperliquid HIP-3 markets?

HIP-3 is Hyperliquid's permissionless framework for launching perpetual futures on any asset, including tokenized stocks, indices, commodities, FX pairs and pre-IPO companies. Any deployer can spin up a HIP-3 DEX and list its own markets, all settled on-chain through Hyperliquid's order book.

How do HIP-3 tokenized perpetuals work?

HIP-3 markets are perpetual futures that track an external price oracle. Traders post crypto collateral, gain leveraged synthetic exposure to the underlying asset, and pay or receive funding to keep the contract aligned with the spot reference. There is no physical delivery and no traditional brokerage account.

Which assets can you trade on HIP-3?

Live HIP-3 markets cover tokenized US equities (NVDA, TSLA, AAPL), indices (S&P 500, NASDAQ-100), commodities (WTI crude, gold, silver), forex pairs and pre-IPO names like OpenAI or SpaceX. The OAK Research HIP-3 page tracks every market across every HIP-3 DEX in real time.

HIP-3 vs traditional stock trading: what's the difference?

Unlike a traditional broker, HIP-3 markets run 24/7, accept crypto collateral, and require no KYC at the protocol level. You get synthetic price exposure through a perpetual contract rather than ownership of the underlying share, with global on-chain liquidity routed through Hyperliquid.