NVIDIA Becomes Hyperliquid's Largest HIP-3 Market by Open Interest as Daily Volume Tops $1B for First Time

November 12: According to MLM monitoring, NVIDIA (NVDA) has become the largest HIP-3 market on Hyperliquid by open interest, with positions totaling $535 million, ranking fourth across all markets on the platform behind BTC, ETH and HYPE. Over the past seven days, its open interest grew 5.8x, reaching 2.4 times the previous high of $227 million set in June this year; today's single-day trading volume exceeded $1 billion for the first time.

In terms of position structure, 9,517 wallets are currently trading, of which 83% hold long positions, while market makers account for 70% of short open interest. The largest single position is a short of 348,000 NVDA shares held by Jump, worth about $56 million (a non-directional position); the largest directional position is a long of 191,000 shares opened by one address over the past 24 hours, worth about $30.7 million at an average entry price of $174.43, currently showing an unrealized loss of about $2.6 million. The market-wide average entry price for NVDA longs is $169.55, while the mark price is $160.66, about 5.2% below the average entry price, with total unrealized losses on longs at about $14.6 million.