According to ChainCatcher citing Mlm on chain, Nvidia (NVDA) has become the largest HIP-3 market by open interest on Hyperliquid and the platform’s fourth-largest market, behind BTC, ETH and HYPE. Open interest reached $535 million, up 5.8 times in the past seven days and 2.4 times the previous peak of $227 million in June. Daily trading volume in the NVDA market topped $1 billion for the first time.

The largest individual position is a 348,000-share NVDA short held by Jump, valued at about $56 million and described as non-directional. The largest directional position is a 191,000-share long worth about $30.7 million, built over the past 24 hours at an average entry price of $174.43 and currently showing an unrealized loss of about $2.6 million. The market has 9,517 trading wallets, 83% of which hold long positions; market makers account for 70% of short open interest. Long positions have an average entry price of $169.55, while the mark price is $160.66, about 5.2% lower. Total unrealized losses on NVDA long positions stand at $14.6 million.