Hyperliquid perp open interest hits $16.3B, highest in a year

Hyperliquid’s HYPE perpetual futures open interest reached $16.3 billion, the highest level in the past year, BlockBeats reported. Over the past year, Hyperliquid has expanded beyond a crypto perpetual futures trading platform into an on-chain trading infrastructure supporting stocks, commodities, indices, pre-IPO assets and event contracts. HIP-3, launched in October last year, allows third parties to stake HYPE and open their own perpetual futures markets, broadening the range of underlying assets to include U.S. stocks, gold, crude oil, the S&P 500 and private companies such as SpaceX.

Source: Coinness