📈 Hyperliquid passes Bybit, Kraken and OKX in open interest after a record Q3
Hyperliquid ended the third quarter with a record $16.8 billion in open interest, up nearly 80% from the end of June, according to a new Hyperliquid Research Collective report. That put it ahead of Bybit, Kraken and OKX, lifting its share of open interest across itself and eight major exchanges to 11.7% from 9.6%.
Native perpetuals volume climbed from $109.5 billion in July to more than $188 billion in September, and average daily traders hit a record 65,161. Protocol revenue rose 21.7% quarter over quarter to nearly $191 million, while stock-linked perps volume jumped 161% to $153.8 billion.
⭐ An onchain venue now outranking major centralized exchanges in open positions shows derivatives liquidity steadily migrating onchain, a trend that could reshape exchange competition.
#Hyperliquid #HYPE #DeFi #Derivatives
Hyperliquid ended the third quarter with a record $16.8 billion in open interest, up nearly 80% from the end of June, according to a new Hyperliquid Research Collective report. That put it ahead of Bybit, Kraken and OKX, lifting its share of open interest across itself and eight major exchanges to 11.7% from 9.6%.
Native perpetuals volume climbed from $109.5 billion in July to more than $188 billion in September, and average daily traders hit a record 65,161. Protocol revenue rose 21.7% quarter over quarter to nearly $191 million, while stock-linked perps volume jumped 161% to $153.8 billion.
⭐ An onchain venue now outranking major centralized exchanges in open positions shows derivatives liquidity steadily migrating onchain, a trend that could reshape exchange competition.
#Hyperliquid #HYPE #DeFi #Derivatives
