Onchain Commodity Trading Grows, but Liquidity still Favors TradFi

On-Chain Commodity Trading Takes Root, Liquidity Remains a Hurdle

Onchain commodity trading is attracting sustained attention as a viable channel for macro risk exposure, yet the market still wrestles with liquidity gaps that keep it from fully rivaling traditional venues. A new milestone for Hyperliquid’s HIP-3 market shows the trend toward broader onchain adoption, while observers flag key bottlenecks that could determine whether this momentum endures. Key takeaways HIP-3 posted an all-time volume high on M…

Hyperliquid volume jumps but TradFi still rules commodity depth

Hyperliquid logged $5.4B in macro perpetual volume on March 23, but limited liquidity still leaves traditional markets ahead on price depth.

Onchain Commodity Trading Grows, but Liquidity still Favors TradFi

Onchain commodity trading is proving more than a short-term spike, with rising oil and gold volumes, but limited liquidity still keeps traditional markets dominant.