Hyperliquid Ends Q3 With $16.8 Billion in Open Interest, Ahead of Rivals

Hyperliquid ended September with about $16.8 billion in open interest on its perpetual-futures platform, ahead of Bybit, Kraken and OKX. Its total rose significantly from the previous quarter. Open interest measures the value of positions that remain outstanding in perpetual contracts. Hyperliquid’s perpetual-contract open-interest share stood at 11.9% on Oct. 7 , a later measure of its position in the derivatives market. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.