Hyperliquid HIP-3 U.S. Stock Open Interest Drops 4.7% in Nearly 10 Days

Open interest in U.S. stock-linked contracts on Hyperliquid fell 4.7% over nearly 10 days, while price-adjusted exposure held roughly steady as positions moved among sectors and individual stocks. The contracts’ notional open interest declined from $2.711 billion to $2.584 billion, a decrease of $127 million. The figures cover 10 HIP-3 deployers and 365 addresses whose positions had previously exceeded $1 million. After accounting for price declines, aggregate exposure was roughly unchanged. Positions shifted among sectors and individual stocks: some addresses reduced existing positions, while others added to them as prices fell.