Notes / Findings
Source: chains/hyperliquid/data/finding_2026-09-26-untracked-hip3-dexes-are-empty.md in the repository, rendered here without changes. Source file
2026-09-26. The 26/09 bounded-loop routine's Hyperliquid worker listed four HIP-3 perp dexes the oracle does not track. Checked live, read-only (api.hyperliquid.xyz/info perpDexs and metaAndAssetCtxs per dex, plus eth_getCode on HyperEVM for each address): the lead has no economic weight today.
| Dex | Markets | Delisted | Open interest | 24 h volume | Tracked |
|---|---|---|---|---|---|
| xyz | 125 | 16 | $3,800M (109 active assets) | $523M | yes |
| io (EntropyIO) | 11 | $56.6M | $19M | yes | |
| para (Paragon) | 36 | $17.7M | $3M | yes | |
| mkts (Markets by Kinetiq) | 24 | $7.9M | $9M | yes | |
| flx (Felix Exchange) | 16 | 16 of 16 | $0 | $0 | no |
| hyna (HyENA) | 25 | 25 of 25 | $0 | $0 | no |
| cash (dreamcash) | 17 | 17 of 17 | $0 | $0 | no |
| abcd (ABCDEx) | 1 | $0 | $0 | no |
The tracked dexes hold effectively all of the ~$3.88B open interest; the four untracked ones have every asset delisted (or a single empty market). Not a coverage gap. Nothing to add, no score touched.
Two facts the read gave along the way, disclosed only:
0x88806a71..., no code on HyperEVM); it is already a tracked, scored target.0x94757f8d..., is the oracleUpdater of two dexes, io (tracked) and flx (delisted). A key that posts prices for a live dex also posts for a wound-down one; no exposure through flx today since it has no open interest.perpDexs (10 dexes) and metaAndAssetCtxs per dex from Hyperliquid's public info endpoint; open interest = sum of openInterest x markPx over assets; delisting from each asset's isDelisted; address classification by eth_getCode on rpc.hyperliquid.xyz/evm (lib/authority_index.classify_code, Safe shape via safe_owners_and_threshold).
Not an audit, not investment advice. All notes ยท Back to the dashboard.