HIP-3 markets on Hyperliquid just crossed $400M in daily volume for the first time. The Nasdaq perpetual alone pulled $285M on November 24th.

Real liquidity is flowing through these orderbooks now.

Growth Mode from made this possible by dropping fees over 90%. You're now paying 0.009% on taker fees with spreads below 0.005%.

That's cheaper than most CEXs, and guess the crazy part ? it's all happening on chain.

I've been tracking this because it opens up something we haven't had before:

🔸 Trade U.S. stocks 24/7 with no market closures
🔸 Up to 20x leverage on equities like NVDA, TSLA, AAPL
🔸 Sub-second settlement, fully on-chain
🔸 No KYC required

NASDAQ is leading volume, but individual stocks are pulling serious numbers too. NVDA has done $200M+ on earnings days alone.

What excites me most is that Hyperliquid already controls 73% of DEX perpetual volume, and now they're bringing traditional equities on chain with better economics than centralized platforms.

You want to trade AAPL at 3 AM on a Sunday? You can. That level of access didn't exist before tbh.

The product is really working right now. If HIP-3 captures just 1% of daily MAG7 volume, we're looking at $1B+ in daily flows.

$400M proves the model. The question is how fast adoption scales from here.

Chart: @GLC_Research