
something interesting is happening on HIP-3 traders aren’t just rotating between BTC and majors anymore - they’re moving into commodities as of Jan 25'2026: • Silver: ~$140M OI (~22%) • NASDAQ-100: ~$121M (~19%) • Copper: ~$76M (~12%) • Gold: ~$70M (~11%) why this shift ? i asked myself.... onchain perps are starting to offer what TradFi does - macro exposure, 24/7, with no gatekeepers when volatility compresses in crypto, traders don’t leave risk - they change the shape of it we began to see commodities becoming the next frontier of onchain speculation















