Hyperliquid’s open interest surges 32% in a week
Hyperliquid’s open interest has grown 32% in a week, reaching $3 billion.
The growth is attributed to the company’s TradFi perpetual growth, which has made a push toward $80 increasingly realistic.
The native token HYPE rallied 44% over five days, hitting a $76.90 all-time high on Tuesday, before pulling back to $73.
Open interest on HYPE futures has reached the $3 billion mark, signaling growing institutional demand, with 253.41 million and 953.92 million in notable figures.