HomeZ - Banner home engCan hyperliquid onchain and Bitget Wallet bring Wall Street markets to DeFi?

Can hyperliquid onchain and Bitget Wallet bring Wall Street markets to DeFi?

Bitget Wallet is deepening its push into everyday finance by wiring hyperliquid onchain infrastructure directly into its self-custody trading app.

Bitget Wallet integrates HIP-3 macro markets

Bitget Wallet has integrated Hyperliquid‘s HIP-3 infrastructure, giving users 24/7 access to permissionless onchain macro markets from a single, self-custodial interface. The joint move was announced through a press release from both teams and is framed as a significant expansion of Bitget Wallet‘s product scope.

Through the new setup, Bitget Wallet users can trade a broad basket of real-world assets (RWAs) across spot and perpetual markets. Moreover, all of this is available without leaving the familiar wallet environment, which positions the product somewhere between a DeFi front-end and a traditional brokerage app.

The available RWAs cover around 300 equities and ETFs, major indexes, and commodities such as gold, crude oil, and natural gas. However, the integration goes further by opening access to selected local macro products and pre-IPO markets tied to private companies including SpaceX, OpenAI, and Anthropic.

As with most DeFi infrastructure, the rail runs 24/7/365. Bitget describes the initiative as part of its “everyday finance” strategy, where users can manage both crypto and macro exposure in one app while maintaining self-custody over their assets.

Inside Hyperliquid’s HIP-3 protocol

A few weeks ago, combined HIP-3 open interest surpassed $1.5 billion, while perpetual futures volumes across commodities and macro assets reached $5.4 billion, according to Binance. That milestone means Hyperliquid is now processing more trading activity in tokenized commodities than in purely digital assets.

Under the HIP-3 design, the protocol becomes permissionless financial infrastructure, enabling builders to deploy their own perpetual markets entirely onchain. Moreover, they retain granular control over oracles, leverage limits, and settlement logic, which lets them tune products to specific risk and liquidity profiles.

Bitget Wallet is effectively riding this rail to expose 24/7 macro markets to its reported 90M+ users without operating a centralized exchange (CEX) order book. Instead, liquidity and risk sit on the protocol, while the wallet acts as a gateway that routes orders directly from a non-custodial environment.

Centralized exchanges typically provide deeper liquidity but require deposits and custodial arrangements. That said, because HIP-3-based markets are accessed through a non-custodial wallet, user funds remain under user control while still offering access to similar macro exposure and leverage profiles.

Impact on traders and market structure

The integration effectively turns Bitget Wallet into a front-end for a round-the-clock global macro rail, further blurring the boundary between DeFi trading and traditional brokerage services. This shift could influence how both retail and professional traders hedge portfolios or express macro views.

Geopolitical shocks, commodity price spikes, and policy headlines increasingly land outside regular market hours. In that context, traders have begun using HIP-3 perpetuals as a real-time macro sentiment gauge while legacy venues remain closed, creating a parallel venue for price discovery.

The move also aligns with the broader rise of onchain perpetuals, where volumes and open interest on decentralized venues are steadily climbing. Some analysts argue that the current momentum around Hyperliquid‘s HYPE token and HIP-3 markets positions them to challenge established centralized incumbents over the next market cycle.

Within this backdrop, the hyperliquid onchain approach may accelerate migration of high-beta macro flow toward non-custodial venues. However, it also raises questions around how traditional risk management will adapt to continuous, permissionless trading in assets that were once confined to fixed exchange sessions.

New strategies, volatility patterns, and CEX competition

Bitget Wallet users can now fade or follow moves in gold, oil, equity indexes, and selected pre-IPO names at any hour, from the same interface they already use for crypto trading. Moreover, they retain custody of their assets while tapping onchain liquidity instead of parking capital on multiple centralized platforms.

This opens up new portfolio tools, such as hedging crypto-native positions with macro shorts or longs. For example, a trader might short a NASDAQ-linked index while staying long BTC during a perceived macro risk-off episode, without leaving the wallet environment or sending funds to a brokerage.

Because positions can be opened or closed when traditional markets are offline, the setup could contribute to higher weekend and overnight volatility in both tokenized commodities and equity-linked RWAs. That said, the same feature offers sophisticated users the chance to manage risk more continuously across global time zones.

Strategically, the expansion sets up a fresh battleground between CEX derivatives desks and permissionless perpetual markets for macro-driven flow. As traders grow more comfortable with self-custodial execution, onchain rails like HIP-3 may capture segments of volume that once defaulted to centralized futures and CFD platforms.

HYPE token market snapshot

At the time of writing, the HYPE token was trading around $35. While this single data point does not constitute a hype token price forecast, it underlines that the token is already being closely watched as HIP-3 adoption increases and more RWAs migrate onchain.

In summary, the Bitget Wallet and Hyperliquid collaboration extends DeFi rails deep into traditional macro territory, merging self-custody with continuous access to RWAs, commodities, and equity-linked products. If volumes keep growing, this model could reshape how traders hedge, speculate, and manage risk across both crypto and global markets.

Amelia Tomasicchiohttps://cryptonomist.ch
As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she published a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector. As advisor, Amelia is also involved in metaverse-related project such as The Nemesis and OVER.
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