TechFlow News, July 13, according to on-chain data analysis, on the Hyperliquid HIP-3 platform, the SK Hynix (SKHX) perpetual contract currently accounts for approximately 33% of total HIP-3 trading volume, while accounting for about 50% of the total trading volume of stock perpetual contracts, becoming the single contract with the highest trading volume in this category. SKHX is a tokenized stock perpetual contract deployed by a builder through the HIP-3 mechanism, corresponding to the stock price of South Korea's SK Hynix. SK Hynix has long been listed on the South Korean main board, and completed its U.S. ADR (Nasdaq: SKHY) listing around July 10, 2026. HIP-3 allows qualified builders to deploy perpetual markets permissionlessly after staking HYPE, enabling traders to trade related assets with leverage on the platform 24/7.
This is also the context behind the original post author @0xNairolf's joke "People really want to trade it before they are actually allowed to trade it"—that is, achieving relatively barrier-free trading through decentralized rails. Data comes from screenshots of the official Hyperliquid HIP-3 dashboard and verification by on-chain tracking sites; SKHX's daily trading volume has recently reached the hundreds of millions of U.S. dollars level multiple times.
