315 perpetual markets on stocks, gold and oil: what to watch on Hyperliquid's HIP-3 exchanges

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Outside operators now run 315 futures markets on stocks, indices, gold and oil on the Hyperliquid blockchain, with $4.08 billion in open interest between them. The S&P 500 runs there at up to 50x leverage, while BaFin caps the same index at 20:1 for German providers.Traders on the Hyperliquid blockchain are no longer limited to cryptocurrencies. Through the HIP-3 extension, outside operators run their own futures venues there, and what they list ranges from the S&P 500 through gold and crude oil to single stocks and government bonds. A count of all these marketplaces on the morning of October 28, 2026 comes to 315 markets with $4.08 billion in open interest between them. For an investor in Germany, though, the decisive number is not the total but the leverage tiers. The S&P 500 market of the largest operator allows leverage of up to 50x. At a provider under German supervision, 20:1 would be the ceiling on the same index. That difference is not a footnote in a fee sch...