Hyperliquid Hits $10.6B Open Interest as HYPE Reaches ATH

by Ouess

The decentralized perpetuals exchange Hyperliquid is making waves, with its open interest (OI) surging past $10.6 billion—a new all-time high. At the same time, its native HYPE token has smashed records, climbing to $47 amid strong trading momentum.

Why Hyperliquid’s Growth Matters

  • $10.6B+ open interest signals rising trader adoption
  • HYPE token up 30% in a week, hitting a new ATH
  • Binance and Bybit dominate OI, with $393M and $122M respectively

This surge highlights Hyperliquid’s growing influence in DeFi derivatives trading, offering fast, order-book-based execution that rivals centralized exchanges.

HYPE Token’s Meteoric Rise

The HYPE token has been on a tear:
✅ New ATH of $47 (3% daily gain)
✅ 30% weekly surge in price
✅ Now a top 12 crypto by market cap

HYPE Price Source : TradingView

The recent listing on Bybit’s spot market has further boosted liquidity, with traders eyeing the next milestone: $100.

What’s Driving the Rally?

  1. Increased Derivatives Activity – More traders are flocking to Hyperliquid’s platform.
  2. Bybit Listing – Expanded access for retail and institutional investors.
  3. Market Confidence – Investors believe in Hyperliquid’s potential to reshape DeFi trading.

What’s Next for Hyperliquid?

If this momentum continues:

  • HYPE could break into the top 10 cryptos
  • Open interest may keep climbing, boosting liquidity
  • More exchange listings could follow, fueling further gains

Final Thoughts

Hyperliquid’s record-breaking open interest and HYPE’s price surge prove that DeFi derivatives are heating up. Will this be the start of a bigger trend? Only time will tell—but for now, Hyperliquid is a platform to watch.

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