Hyperliquid open interest exceeds $9 billion, HYPE rises 19% in 24 hours

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PANews
05-23
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PANews reported on May 23 that according to The Block, the decentralized derivatives exchange Hyperliquid's open interest (OI) has broken through $9$.2, billion, creating a new historical high, with its native token HYPE price simultaneously rising to $36.84, a 24-hour increase of 19%. Bitcoin OI on Hyperliquid accounts for the highest proportion $4.2 billion; Ethereum and HYPE contract OI are ranked second and third at $1.3 billion and $748 million respectively. Additionally, according to defillama data, Hyperliquid's daily trading volume reached $11.5 billion, with daily revenue of $3.4 million.

Previously, Hyperliquid Labs submitted a comment letter to the CFTC, supporting the compliant development of DeFi in the United States.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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