Hyperliquid's HIP-3 Segment Sees Significant User Retention

Hyperliquid's HIP-3 segment has been gaining traction among traders, with over 60% user retention compared to traditional crypto assets. This shift towards non-crypto assets such as oil, gold, and silver is driven by their relative stability and lower volatility compared to cryptocurrencies.

Crypto analyst Keisan attributes the success of HIP-3 to its ability to provide a unified platform for trading both traditional and crypto assets 24/7. This has made Hyperliquid one of the winners of the West Asia crisis, with HIP-3 volumes exploding to account for 33% of overall trading volume last week.

The dominance of HIP-3 or RWA (real-world tokenization) has increased from 5% to over 30% year-to-date, underscoring strong adoption and momentum. According to BitMEX Exchange founder Arthur Hayes, HIP-3 now drives nearly 10% of the overall fees collected on the platform.

As a result, HYPE bulls are eyeing an extended rally to $50, but must clear key resistance levels first. Coinbase analyst Colin Basco believes that clearing $42 and $46 would pave the way for a sustained rally, but emphasizes the importance of overcoming these obstacles.