Making fiat access more seamless for Hyperliquid users through a fiat on-ramping testing live via Swapped was not the only milestone the leading perp DEX achieved this past week. Hyperliquid offered a weekly recap of everything that happened on the third week of March.
Hyperliquid’s “Weekly Update” on its official Telegram Challenge.
Hyperliquid Launched S&P500 Perps
Last Wednesday, TradeXYZ, a decentralized perpetuals platform built on Hyperliquid, announced its partnership with S&P Dow Jones Indices to launch the first officially licensed S&P500 perpetual derivative on Hyperliquid, giving the decentralized exchange legitimacy, data accuracy, and a direct bridge between TradFi and DeFi. This move positions Hyperliquid as the first crypto-native platform offering 24/7 access to official S&P market exposure.
S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid.
For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been…
— trade.xyz (@tradexyz) March 18, 2026
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USDC Support On HyperEVM
Coinbase added USDC support on the HyperEVM, Hyperliquid’s own EVM-compatible smart contract layer that runs on top of its L1 blockchain, strengthening liquidity options across the ecosystem. This integration aligns with Hyperliquid’s scaling vision: stable liquidity, reduced slippage, and enhanced pair variety. USDC integration creates stronger liquidity rails across spot, perps, and ecosystem apps, turning this venture into a major liquidity enhancement.
Sends and receives of USDC on HyperEVM are now available on coinbase․com and in the Coinbase iOS & Android apps in supported regions.
— Coinbase Markets 🛡️ (@CoinbaseMarkets) March 16, 2026
New HIP- 3 ATH’s
NewsBTC reported last Friday that the combined HIP-3 (oil, gold and silver) open interest surpassed $1.5 billion, meaning that Hyperliquid is now trading more volume in tokenized commodities than digital assets. However, as of today, HIP-3 markets hit new all-time highs: $7B in open interest and $5.9B in 24h volume, showcasing record trading activity. This record-level engagement signals growing confidence in Hyperliquid’s product maturity and execution speed.
Trade.xyz reported on Monday that 24-hour trading activity has climbed to $5.6 billion, with about 45,300 unique users active in a single day. The busiest markets are tokenized real‑world assets: WTI oil leads with $1.27 billion in daily turnover, followed by Brent oil at $1.04 billion and silver close behind at $1.01 billion, cementing Hyperliquid’s reputation as the new go‑to venue for 24/7 RWA’s and macro risk.
@tradexyz reached new all time highs across the board:
– Cumulative trading volume: $110B
– Open Interest: $1.6B
– 24hr peak volume: $5.6B
– Daily unique traders (24hr peak): 45.3k
– Weekend trading peak volume: $1.09B
– XYZ share of Hypercore volume (24hr peak): 44.4% pic.twitter.com/7nW3TdJ3n1— trade.xyz (@tradexyz) March 24, 2026
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Finally, the organic ecosystem’s growth is reinforced by community initiatives like Hype Global and Hyperliquid FR’s ETHCC Cannes event, to be celebrated on March 31.
From the high-intensity shipping in Seoul to the shores of the French Riviera. 🇫🇷
Hype Global is landing in Cannes for EthCC with Hyperliquid Builders Night, an evening for those pushing the boundaries of HyperEVM.
Powered by @HypeRPC_ and co-organized with @HyperliquidFR.…
— HYPE Global (@hypeglobal_) March 21, 2026
With fiat support, verified data, and institutional bridges, Hyperliquid is emerging as a cross-market hub for professional traders.
HYPE’ trades for more than $38 on the daily chart. Source: HYPEUSDT on Tradingview
Cover image from Perplexity, HYPEUSDT chart from Tradingview
Credit: Source link
