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      Hyperliquid Achieves Record Open Interest of Over $8 Billion

      On September 20, 2026, Hyperliquid, a decentralized perpetuals exchange, announced that its total open interest surpassed $8.1 billion, marking a new all-time high. This milestone positions Hyperliquid as a significant player in on-chain derivatives trading, controlling nearly 11% of the global perpetual futures open interest, according to data from DefiLlama.

      The platform's growth has been fueled by the introduction of tokenized traditional assets under its HIP-3 protocol, launched in October 2025. These tokenized assets, which include equities and commodities, now account for over 30% of the total open interest on Hyperliquid. The exchange operates on a Layer-1 blockchain designed for rapid trade execution, allowing it to compete effectively with centralized exchanges.

      In the 24 hours leading up to this achievement, Hyperliquid recorded a trading volume exceeding $1.05 billion. The platform's native token, HYPE, was trading between $90.88 and $91.32, with recent peaks reaching $93 to $94. Additionally, approximately 26,310 HYPE tokens were burned in a single day, valued at around $2.4 million, contributing to a total of over 48 million tokens burned since the platform's inception. This aggressive token burn strategy is funded through trading fees, enhancing the token's scarcity and value.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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