POPA ReconHIP-3 Is Consolidating - Losers Are Shutting Down
HIP-3 Is Consolidating - Losers Are Shutting Down Hyperliquid's HIP-3 lets anyone launch their own perp market, and the category has exploded past $300B in volume. But one player ate almost everything: TradeXYZ now controls ~97% of HIP-3 volume - and the rest are quietly closing up shop: • Felix Protocol - the first-ever HIP-3 deployer (silver, gold, oil perps). Shut down June 19, openly admitting "we failed because we weren't TradeXYZ." • Ventuals - pre-IPO markets for OpenAI & Anthropic via vHYPE staking. Did $650M+ in volume, raised 500K HYPE, then wound down and folded its team into anot…
The excerpt is quoted from a public Telegram channel, which owns its text.
Read the original post on Telegram
More posts from Top 7 | Tech, AI & Crypto Analytics · All channels