Bullish
Hyperliquid Open Interest Hits $11.5B Record High
2026-07-27 20:57:02
Hyperliquid weekly average open interest surged to $11.5B, up from $5B in Feb. HIP-3 contracts near $4B, signaling diversification beyond crypto perps.
Woofun AI data shows that Hyperliquid's weekly average open interest has reached a new 2026 high of $11.5 billion, a significant increase from approximately $5 billion in February. HIP-3 stock contracts account for nearly $4 billion of this volume, with a focus on S&P 500 equities. SK Hynix and Micron dominate AI-related transactions, indicating the platform's growth is no longer solely driven by crypto perpetual contracts.
WOOFUN AI
Impact Assessment · Quick Read
The surge in open interest highlights a structural shift in Hyperliquid's user base toward traditional equity exposure via HIP-3. Dominance of AI stocks like SK Hynix and Micron suggests traders are leveraging the platform for sector-specific plays rather than just crypto volatility. This diversification may reduce correlation risks with broader crypto market cycles.
Generated by WOOFUN AI · For reference only, not investment advice
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