HYPE Open Interest Jumps 30% as Hyperliquid Bulls Eye Fresh Price Record

Hyperliquid’s native token HYPE climbed to a new all-time high of $67 after strong futures activity and renewed optimism around crypto perpetual contracts boosted market confidence. The sharp rise has fueled speculation that traders may be preparing for another push above the $70 level.

HYPE Futures Open Interest Surges 30%

Data from derivatives markets showed HYPE futures open interest rising 30% over the past week, reaching nearly $2.9 billion. The increase came alongside a 23% weekly gain in HYPE’s price, reflecting growing interest from leveraged traders.

Higher open interest often signals stronger market participation and may increase the chances of a short squeeze if prices continue moving upward.

CFTC Decision Strengthens Industry Confidence

Momentum also followed recent signals from the Commodity Futures Trading Commission, which acknowledged the growing importance of perpetual futures for price discovery and risk management. While decentralized platforms are not directly covered, the move is viewed as positive for the wider crypto derivatives market.

Hyperliquid Revenue Growth Supports Market Optimism

Hyperliquid continues to lead decentralized application revenue, generating roughly $55 million over the last 30 days. However, regular token unlocks remain a factor traders are watching, as additional supply could limit near-term price gains despite rising demand.