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Hyperliquid's open contracts broke through $9 billion, HYPE's 24-hour rise reached 19%.

2025-05-23 10:16:00

HYPE-3.25%

PANews reported on May 23 that, according to The Block, the open interest (OI) of decentralized derivatives exchange Hyperliquid exceeded $9.2 billion to hit a record high, and the price of its native token HYPE rose to $36.84, a 24-hour increase of 19%. Bitcoin OI accounted for the highest proportion on Hyperliquid, reaching $4.2 billion; Ethereum and HYPE contract OI ranked second and third with $1.3 billion and $748 million, respectively. In addition, according to DefiLlama, Hyperliquid has a daily trading volume of $11.5 billion and a daily revenue of $3.4 million.
According to previous reports, HyperliquidLabs submitted a letter to the CFTC, supporting the compliant development of DeFi in the U.S.

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