Key Updates from Hyperliquid You Might Have Missed This Week

This week has seen significant advancements for Hyperliquid, particularly with the introduction of a fiat on-ramping test via Swapped, making it easier for users to access fiat options. Here’s a look at the key developments from the third week of March.

Key Takeaways:

Hyperliquid launched the first officially licensed S&P 500 perpetual derivative alongside TradeXYZ.
USDC integration on HyperEVM enhances liquidity in the ecosystem.
Trading volumes in tokenized commodities have surged, demonstrating growing confidence in Hyperliquid’s offerings.

Hyperliquid

Hyperliquid

Launch of S&P 500 Perpetuals on Hyperliquid

Last Wednesday, TradeXYZ, a decentralized perpetuals trading platform powered by Hyperliquid, announced an exciting partnership with S&P Dow Jones Indices. Together, they launched the first officially licensed S&P 500 perpetual derivative on Hyperliquid. This new product not only enhances the credibility of the decentralized exchange but also ensures data accuracy while linking traditional finance (TradFi) with decentralized finance (DeFi). Consequently, Hyperliquid becomes the first crypto-native platform to offer 24/7 access to the official S&P market.

"S&P Dow Jones Indices and TradeXYZ have come together to unveil the first official S&P 500 perpetual contract, which can only be found on Hyperliquid." — TradeXYZ on March 18, 2026.

Furthermore, Coinbase introduced USDC support on HyperEVM, Hyperliquid’s own EVM-compatible smart contract layer, which adds liquidity options across the entire ecosystem. This integration is part of Hyperliquid’s vision for scaling, aiming for stable liquidity, reduced slippage, and increased trading pairs. The addition of USDC is expected to bolster liquidity across various platforms, including spots, perps, and other applications within the ecosystem.

"You can now send and receive USDC on HyperEVM through coinbase.com and in the Coinbase apps for iOS & Android in supported regions." — Coinbase Markets on March 16, 2026.

As reported by NewsBTC last Friday, the aggregate HIP-3 (oil, gold, and silver) open interest surpassed $1.5 billion, indicating that Hyperliquid is trading more volume in tokenized commodities than cryptocurrencies. Currently, HIP-3 markets have hit unprecedented figures: $7 billion in open interest and $5.9 billion in 24-hour trading volume, indicating record-high trading activity. This surge shows increasing confidence in Hyperliquid’s product quality and execution speed.

TradeXYZ noted earlier this week that 24-hour trading activity rose to $5.6 billion, with around 45,300 unique users engaging within a single day. The leading markets for tokenized real-world assets (RWAs) feature WTI oil with a daily turnover of $1.27 billion, followed closely by Brent oil at $1.04 billion and silver at $1.01 billion. This solidifies Hyperliquid’s status as the go-to exchange for RWAs and macro economic risks available round-the-clock.

"@TradeXYZ has reached new all-time highs: – Cumulative trading volume: $110 billion – Open Interest: $1.6 billion – 24-hour peak volume: $5.6 billion – Daily unique traders (peak): 45.3k – Weekend trading peak volume: $1.09 billion – XYZ share of Hypercore volume (peak): 44.4%." — TradeXYZ on March 24, 2026.

Moreover, Hyperliquid’s ecosystem is growing organically, bolstered by community events such as Hype Global and the Hyperliquid FR’s ETHCC Cannes event scheduled for March 31.

"From the busy streets of Seoul to the shores of the French Riviera, Hype Global is making its mark in Cannes for EthCC with Hyperliquid Builders Night, a gathering for innovators in the HyperEVM space." — HYPE Global on March 21, 2026.

With the introduction of fiat support, validated data, and institutional connections, Hyperliquid is establishing itself as a comprehensive hub for professional traders.

Hyperliquid, HYPE, HYPEUSDT

Cover image from Perplexity, HYPEUSDT chart from Tradingview