Hyperliquid RWA永续合约增长推高交易活跃度，但协议收入持续承压
深潮 TechFlow 消息，8 月 09 日，据 CoinDesk 报道，Hyperliquid 未平仓合约规模创下新高，近 30 日永续合约交易量接近 1780 亿美元，全球永续合约未平仓占比升至约 9%。不过，随着 HIP-3 机制下外部开发者部署的市场占比快速上升，平台需向其分配更多手续费，导致协议收入连续四个季度下滑。与此同时，原油、黄金、英伟达、特斯拉等真实世界资产永续合约交易活跃，相关市场未平仓规模已超过比特币，成为平台最大板块。文章同时指出，平台对单一部署方 Trade.xyz 依赖较高，且回购力度、代币价格支撑及监管压力均面临挑战。
Hyperliquid RWA perps boost trading activity, but protocol revenue remains pressured
TechFlow citing CoinDesk: Hyperliquid open interest hit a new high with ~$178B in 30-day perp volume and ~9% of global perp open interest. However, as external developer markets under HIP-3 grow rapidly, the platform must allocate more fees, causing four straight quarters of revenue decline. RWA perps are highly active, with open interest surpassing Bitcoin as the platform's largest segment.