📈 Hyperliquid overtook Bybit, Kraken and OKX in open interest
On November 13, The Block published its third-quarter 2026 results: Hyperliquid’s open interest reached about $16.8 billion by the end of September, up nearly 80% from the end of June. By this measure, the platform surpassed Bybit, Kraken and OKX among the exchanges examined.
Hyperliquid’s share of the combined open interest across itself and eight major platforms rose from 9.6% to 11.7%. Protocol revenue for the quarter increased by about 22% to $191 million, but remained below its level a year earlier.
These are historical quarterly figures, not the current volume of open positions. Rising open interest does not, by itself, guarantee an increase in the price of the HYPE token.
Source: The Block, November 13, 2026.
#Hyperliquid #DeFi
On November 13, The Block published its third-quarter 2026 results: Hyperliquid’s open interest reached about $16.8 billion by the end of September, up nearly 80% from the end of June. By this measure, the platform surpassed Bybit, Kraken and OKX among the exchanges examined.
Hyperliquid’s share of the combined open interest across itself and eight major platforms rose from 9.6% to 11.7%. Protocol revenue for the quarter increased by about 22% to $191 million, but remained below its level a year earlier.
These are historical quarterly figures, not the current volume of open positions. Rising open interest does not, by itself, guarantee an increase in the price of the HYPE token.
Source: The Block, November 13, 2026.
#Hyperliquid #DeFi