Hyperliquid Perpetual Futures Market Share Nears 12%, Hits Record High
Summary
- Global decentralized exchange Hyperliquid (HYPE) posted a record share of the global perpetual futures market.
- As of Oct. 4, Hyperliquid's perpetual futures market share rose to 11.8% based on open interest, or OI.
- Hyperliquid's perpetual futures share rose to 11.4% by the end of September after reaching 10.5% in mid-September.
Forecast Trend Report by Period
Global decentralized exchange Hyperliquid (HYPE) has reached a record share of the global perpetual futures market.
As of Oct. 4, Hyperliquid's share of the perpetual futures market had risen to 11.8% based on open interest, according to Odaily and other outlets. The figure covers the entire perpetual futures market, including major centralized exchanges such as Binance, Bybit and OKX.
Open interest refers to the total amount of derivatives positions that have not yet been liquidated or closed. It serves as a gauge of the size of active leveraged positions and capital on a given exchange.
Hyperliquid's share of the perpetual futures market hit a then-record 10.5% in mid-September. It continued to rise, reaching 11.4% by the end of September.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul