# What will Hyperliquid HIP-3 open interest reach in 2026: outstanding positions versus trading turnover Open interest measures outstanding positions, while turnover counts trading over time. A large trading day need not create an equally large stock of positions still open. Canonical article: https://www.homeincomelab.com/stories/what-will-hyperliquid-hip-3-open-interest-reach-2026 Publisher: The Outlook By: [The Outlook editorial desk](https://www.homeincomelab.com/editorial) Category: Crypto Analysis as of: 2026-10-04T10:28:12.452998Z Decision guide market prices observed: 2026-10-04T09:57:48.323Z Published: 2026-10-04T10:28:12.452998Z ## Quick answer “$5B” was quoted at 69.85% on October 4, 2026 at 09:57 UTC. Open interest measures outstanding positions, while turnover counts trading over time. The linked rules decide the result; this dated quote is not confirmation. [1](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026) ## Key takeaways - $5B: 69.85% in the dated research snapshot. [1](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026) - Open interest measures outstanding positions, while turnover counts trading over time. A large trading day need not create an equally large stock of positions still open. - Use the specified finalized HIP-3 total and keep open exposure separate from trading volume. ## What will Hyperliquid HIP-3 open interest reach in 2026: the question behind the price Open interest measures outstanding positions, while turnover counts trading over time. A large trading day need not create an equally large stock of positions still open. In the snapshot checked October 4, 2026 at 09:57 UTC, the focus outcome, $5B, was quoted at 69.85%. [1](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026) The API reports open interest and daily volume separately. [3](https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/info-endpoint/perpetuals) Repeatedly opening and closing positions can generate substantial volume while leaving little additional open interest. Our interpretation is that the useful question is whether outstanding exposure persists long enough to appear in the specified finalized daily total. ## A stock of positions is not a flow of trades Requires finalized daily Total HIP-3 open interest on Artemis’s Hyperliquid chart to reach at least the selected threshold during 2026. The next daily point finalizes a reading; permanent source loss permits reliable public alternatives. [2](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-5b-in-2026) The practical implication for $5B is to distinguish necessary conditions from supporting clues. A plausible explanation can help identify what to investigate, but the outcome still turns on evidence satisfying the specified test. Use the specified finalized HIP-3 total and keep open exposure separate from trading volume. ## What the other prices and the trading record reveal The comparison with $6B, quoted at 37.5%, gives a 32.35-percentage-point spread against $5B. That is a difference in quoted expectations, not a measured performance margin. Before treating the outcomes as a complete probability distribution, check whether they are mutually exclusive and whether a None, Other or fallback outcome is included. [1](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026) This event recorded $127,971 in cumulative turnover across its life. The captured record contains 6 eligible open constituent contracts. Those are the scope of this snapshot, not a count of independent forecasters. [1](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026) ## The next evidence that would change the assessment For this event, watch artemis’s HIP-3 DEXs by Open Interest chart, Total series; publication of the following daily point; whether an alternative figure measures HIP-3 specifically or all Hyperliquid positions. [2](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-5b-in-2026) The next meaningful update is evidence about the required milestone or measurement. A changed quote by itself does not identify what happened or why. The finalized Artemis Total HIP-3 daily value reaching the selected threshold would support Yes. High turnover, a different provider’s total or an unfinalized intraday peak would not by themselves establish the required daily observation. ## A fact worth knowing The open conditions in this snapshot span 1.75% to 69.85%. That 68.10-percentage-point range compares different contract conditions; it is not a confidence interval for one prediction. Source: [Polymarket: What will Hyperliquid HIP-3 open interest reach in 2026? — observed event and constituent prices](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026) ## Weighing the outcome ### Outcome in focus Will Hyperliquid HIP-3 open interest hit $5B in 2026? ### Supporting case The finalized Artemis Total HIP-3 daily value reaching the selected threshold would support Yes. [2](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-5b-in-2026) ### Challenging case High turnover, a different provider’s total or an unfinalized intraday peak would not by themselves establish the required daily observation. [2](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-5b-in-2026) ### What to watch - Artemis’s HIP-3 DEXs by Open Interest chart, Total series. [2](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-5b-in-2026) - Publication of the following daily point. [2](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-5b-in-2026) - Whether an alternative figure measures HIP-3 specifically or all Hyperliquid positions. [2](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-5b-in-2026) ### What may already be priced in The observed 69.85% quote is the captured market expectation for $5B. Publicly known conditions alone do not establish that this price is too high or too low. [1](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026) ### Assessment Use the specified finalized HIP-3 total and keep open exposure separate from trading volume. ## How the market resolves Requires finalized daily Total HIP-3 open interest on Artemis’s Hyperliquid chart to reach at least the selected threshold during 2026. The next daily point finalizes a reading; permanent source loss permits reliable public alternatives. [2](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-5b-in-2026) ## Timing and deadline A qualifying daily observation during calendar 2026; the following day’s published point finalizes the reading. [2](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-5b-in-2026) ## Questions and answers ### What will Hyperliquid HIP-3 open interest reach in 2026? The selected condition, $5B, was priced at 69.85% when checked October 4, 2026 at 09:57 UTC. Open interest measures outstanding positions, while turnover counts trading over time. A large trading day need not create an equally large stock of positions still open. [1](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026) ### What evidence would be decisive for this particular outcome? The key observations are artemis’s HIP-3 DEXs by Open Interest chart, Total series; publication of the following daily point; whether an alternative figure measures HIP-3 specifically or all Hyperliquid positions. The full linked contract governs exceptions. [2](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-5b-in-2026) ### Does this market price prove the event will happen? No. 69.85% describes the quoted focus condition in a dated snapshot. It is not a verified forecast, an official result or evidence that all participants independently evaluated the same information. [1](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026) ## Related market contracts - [Will Hyperliquid HIP-3 open interest hit $5B in 2026?](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-5b-in-2026) - [Will Hyperliquid HIP-3 open interest hit $6B in 2026?](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-6b-in-2026) - [Will Hyperliquid HIP-3 open interest hit $7B in 2026?](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-7b-in-2026) ## Market source [View the event on Polymarket](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026) For timestamped market prices, see the canonical HTML article. Prices can change independently of this analysis. ## Sources and further reading 1. [Polymarket: What will Hyperliquid HIP-3 open interest reach in 2026? — observed event and constituent prices](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026) 2. [Polymarket: Will Hyperliquid HIP-3 open interest hit $5B in 2026? — exact resolution rules](https://polymarket.com/event/what-will-hyperliquid-hip-3-open-interest-reach-2026/will-hyperliquid-hip-3-open-interest-hit-5b-in-2026) 3. [Hyperliquid: Perpetuals API documentation](https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/info-endpoint/perpetuals) This is AI-assisted, source-linked explanatory journalism. We distinguish facts from interpretation and revise material errors. [How we work](https://www.homeincomelab.com/methodology) · [Corrections and contact](https://www.homeincomelab.com/contact)