$HYPE recorded a major milestone in Q3 2026 as open interest reached $16.8 billion, rising nearly 80% from the end of June.
Hyperliquid surpassed Bybit, Kraken, and OKX in open interest, capturing 11.7% of the combined market share across nine major exchanges.
Native perpetual trading volume increased from $109.5 billion in July to over $188 billion in September.
Q3 protocol revenue reached approximately $191 million, up 21.7% quarter over quarter. However, revenue remained 36.5% lower year over year.
Despite stronger trading activity, the revenue decline remains an important factor to monitor.
Can Hyperliquid maintain its growing position in the crypto derivatives market?
#hype #CryptoNews #defi #CryptoMarket
Hyperliquid surpassed Bybit, Kraken, and OKX in open interest, capturing 11.7% of the combined market share across nine major exchanges.
Native perpetual trading volume increased from $109.5 billion in July to over $188 billion in September.
Q3 protocol revenue reached approximately $191 million, up 21.7% quarter over quarter. However, revenue remained 36.5% lower year over year.
Despite stronger trading activity, the revenue decline remains an important factor to monitor.
Can Hyperliquid maintain its growing position in the crypto derivatives market?
#hype #CryptoNews #defi #CryptoMarket