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 Channel.
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
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
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
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James Halver