In a move that could reshape the crypto derivatives landscape, Hyperliquid’s native token, HYPE, surged In a strong show of market momentum, Hyperliquid’s native token, HYPE, surged past $35, hitting a new all-time high. This surge coincides with a significant record in derivatives market activity—Hyperliquid’s open interest has exceeded $9 billion, signaling growing trader confidence and institutional attention.
HYPE Token Skyrockets to $35+ Amid Explosive Growth
The HYPE token surged over 20% in the past 24 hours, crossing $35 for the first time, outperforming major cryptocurrencies and DeFi tokens.
This price rally follows a week of bullish developments for the Hyperliquid platform:
- Record trading volumes on perpetual contracts
- Growing user adoption driven by low latency and gasless trading
- Positive sentiment surrounding Hyperliquid’s recent engagement with the U.S. Commodity Futures Trading Commission (CFTC)
“Hyperliquid is becoming a dominant force in crypto derivatives,” said a market analyst. “The open interest surge is a direct reflection of liquidity and trust in the platform.”
$9B+ Open Interest Confirms Hyperliquid’s Market Position
Open interest (OI) is a key metric indicating the total value of outstanding derivative contracts—a reliable gauge of market activity and sentiment.
Hyperliquid has now surpassed $9 billion in open interest—its highest ever, according to data aggregated from DeFi tracking platforms.
For context:
- Bybit and OKX, two leading derivatives platforms, recently reported OI between $6–8 billion.
- Hyperliquid is now competing with top-tier centralized exchanges in daily volume and trader engagement.
“Crossing $9B open interest confirms that institutional and whale traders are using Hyperliquid as their go-to DEX,” noted a DeFi researcher.
Factors Driving Hyperliquid’s Parabolic Rise
Several key factors are fueling the rise in both token value and trading activity:
- 24/7 permissionless trading with deep liquidity
- No gas fees, making it attractive for high-frequency trading
- Growing trust following the team’s recent regulatory engagement with the CFTC
- Upcoming product features, including cross-margining and advanced analytics tools
HYPE’s price action and platform activity indicate it is quickly becoming a DeFi blue-chip.
Hyperliquid Emerges as a DeFi Powerhouse
With HYPE surpassing $35 and open interest breaking the $9B barrier, Hyperliquid is cementing itself as a key player in the future of decentralized derivatives trading.
Investors and traders alike are closely watching its next moves—especially with regulatory clarity and institutional adoption on the horizon.