Editor's PiCK

Hyperliquid Hits All-Time High Open Interest…“4 Days in a Row”

Source
Son Min

Summary

  • Hyperliquid’s open interest has hit a record high of $12.1 billion for four consecutive days.
  • The listing of PUMP has played an effective role in Hyperliquid’s market growth.
  • PUMP pre-market futures open interest and trading volume have approached $400 million and $600 million, respectively.

The decentralized perpetual futures exchange (DEX) Hyperliquid (HYPE) has once again renewed its all-time high for open interest (OI) in perpetual futures.

On the 15th (local time), Hyperliquid announced on its official X (formerly Twitter), "Hyperliquid’s open interest has reached $12.1 billion," adding, "This marks the fourth consecutive day of record-high open interest."

The exchange also assessed that the recent performance was meaningfully driven by the listing of Pump.fun (PUMP). Hyperliquid stated, "We were the first major exchange to support pre-market trading for PUMP," and shared, "PUMP pre-market futures open interest and 24-hour trading volume have approached $400 million and $600 million, respectively." They concluded, "This means Hyperliquid is actively supporting on-chain capital formation."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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