Hyperliquid Open Interest Tops $10B, Now Third-Largest Perps Platform
Hyperliquid's open interest has surpassed $10 billion, making it the third-largest perpetual futures exchange, according to a Talos report. Growth was driven by traditional asset markets and third-party DEXs under HIP-3.
Hyperliquid's open interest (OI) has exceeded $10 billion, securing the platform the third position among the largest perpetual futures trading venues, according to a report by Talos.
The growth was fueled by the launch of markets for traditional assets such as stocks, commodities, and indices. Approximately $4 billion of the open interest came from decentralized exchanges built by third-party developers under the HIP-3 initiative.
Traders are actively using synthetic instruments. Daily trading volumes for oil and the Nasdaq 100 index regularly exceed $100 million. Pre-IPO markets also saw notable interest: before SpaceX's listing, open interest in its corresponding contract reached $250 million.
Source: ForkLog