Hyperliquid Hits $10.6B Open Interest as HYPE Soars
Hyperliquid reaches a record $10.6B in open interest as HYPE token gains 18.2% and secures Bybit listing.
- Hyperliquid sets new open interest record at $10.6B
- HYPE token up 18.2% in 7 days, trading at $46.17
- HYPE gets listed on Bybit’s spot market
Hyperliquid, a rising star in the decentralized trading space, has officially crossed a major milestone. The platform’s open interest has surged past $10.6 billion, setting a new all-time high and capturing the attention of crypto traders and analysts worldwide. This marks a significant growth phase for Hyperliquid, which has quickly gained popularity for its performance, speed, and user-focused trading experience.
Open interest refers to the total number of outstanding derivative contracts that have not been settled. Surpassing the $10.6B threshold indicates increased trader activity and trust in the platform, signaling broader market engagement with Hyperliquid’s offerings.
HYPE Token Gains Momentum with Price Surge
While Hyperliquid celebrates this achievement, its native token, HYPE, is also enjoying a breakout moment. According to CoinGecko, HYPE is trading at $46.17, which represents an 18.2% gain over the past 7 days. The price increase reflects growing investor confidence and interest in the Hyperliquid ecosystem.
The token’s surge is likely tied to both the platform’s expanding user base and recent technical and ecosystem upgrades. Traders are increasingly viewing HYPE as a valuable asset tied to the protocol’s success.
HYPE Lands on Bybit’s Spot Market
In another bullish sign for the project, HYPE has been listed on Bybit’s spot market. This move makes the token more accessible to a broader audience and adds credibility through association with a leading global exchange. Spot listings often lead to higher liquidity and increased price discovery — two factors that could further fuel HYPE’s growth.
With this trifecta of milestones — a record-setting open interest, a double-digit price surge, and a major exchange listing — Hyperliquid is solidifying its position as one of the key platforms to watch in the DeFi trading space.
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