HIP-3 deployers on Hyperliquid
HIP-3 lets builders deploy their own perp DEX on Hyperliquid. Every namespace we track with live markets: open interest, 24h volume, asset classes, top markets and taker fee — the same numbers as the PerpDEX ranking, refreshed every minute.
| Venue | Markets | Open interest | Volume 24h | Asset classes | Top markets by OI | Taker fee | Links |
|---|---|---|---|---|---|---|---|
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon} trade[XYZ] | 110 | $4.27B | $4.18B | Crypto 6Stocks 68Indices 17Commodities 8FX 3Other 8 | SP500 $378.9M BRENT $336.2M XAU $317.3M | 0.09% | |
 Entropy | 12 | $126.4M | $68.8M | Stocks 8Indices 1Other 3 | ANTHROPIC $98.8M NBIS $7.1M OPENAI $6.6M | 0.09% | |
 Paragon | 26 | $16.0M | $4.2M | Crypto 5Stocks 17Indices 2Other 2 | UNITREE $2.5M 10Y $1.5M TTWO $1.5M | 0.09% |
What is HIP-3
HIP-3 is the Hyperliquid standard for builder-deployed perpetuals: a deployer launches its own namespace with its own list of markets (stocks, indices, commodities, crypto) on Hyperliquid infrastructure. Each namespace is a separate venue in ORBIT, with its own column in the screener.
Why prices and funding can differ from Hyperliquid
A HIP-3 market is a separate contract with its own order book, open interest and funding rate, set by the deployer — so the same ticker can trade at a different price and pay different funding than on Hyperliquid itself. Some deployers also quote an asset in a different scale (an index as its ETF), which is why ORBIT matches markets to assets by price, not by ticker. Where a namespace only routes crypto to the main Hyperliquid book, the screener marks that cell "via HL" instead of counting it as a separate market.
Taker fees on HIP-3 markets are typically higher than on Hyperliquid itself: the deployer adds its own share on top of the base fee.
Counts own active markets only; namespaces without markets of their own, and wound-down ones, are not listed. Open interest is one-sided, in USD.