The post Hyperliquid’s Open Interest Surpasses $5.6 Billion – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Hyperliquid hits unprecedented $5.6B open interest milestone. Notable increase in institutional trader activity observed. Hyperliquid’s HYPE token doubles in value over a month. Hyperliquid announced on May 11, 2025, that its open interest in futures contracts has surpassed a record $5.6 billion, marking a significant achievement for the decentralized trading platform. The milestone highlights Hyperliquid’s rapid growth in the crypto trading sector, with increased participation from retail and institutional investors driving major interest in its platform. Hyperliquid’s $5.6B Open Interest Milestone Celebrated Hyperliquid revealed that open interest in futures contracts surpassed $5.6 billion, reinforcing its stature in the decentralized finance landscape. This achievement underscores the platform’s attractiveness to traders seeking robust trading environments. Community discussions and social media channels celebrated the event and anticipated further technological advancements. The surge in open interest aligns with a notable increase in users, noted Hyperliquid’s official account, emphasizing the platform’s growing influence in decentralized finance. The development reflects traders’ confidence in Hyperliquid’s trading experiences and technical capabilities, which emulate centralized exchanges without associated fees. Market commentators noted the liquidity increase partially driven by the HYPE token’s recent doubling in value, contributing to its rising popularity. However, no significant responses from regulatory authorities or industry leaders have been recorded. Historical Data and Expert Insight on Hyperliquid’s Growth Did you know? Hyperliquid previously set a record with $4.9 billion open interest just a month prior, reflecting remarkable speed in achieving new milestones. CoinMarketCap data shows Hyperliquid (HYPE) valued at $24.43, with a market cap of $8,157,341,220 and a $24,428,430,148 fully diluted market cap. A 55.53% 30-day price hike underscores significant trader enthusiasm. Trading volume rose to $193,271,089, reflecting increased transactional activity. Recent patterns reflect a broader market uptick. Hyperliquid(HYPE), daily chart, screenshot on CoinMarketCap at 18:19 UTC on May 11, 2025. Source: CoinMarketCap Research…

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Filed under: News - @ May 11, 2025 6:23 pm