Hyperliquid open interest reaches $18B as trading activity expands across perpetual markets

Hyperliquid open interest reached $18 billion for the first time, according to reports citing official Hyperliquid data tracked by Lookonchain ^[1].

Crypto Briefing also reported Hyperliquid open interest hitting a record $18B and said the figure reflects market growth ^[2].

One report attributed the move in activity to ongoing trading across Hyperliquid’s crypto and non-crypto perpetual markets ^[1].

A separate article reported Hyperliquid recorded about $1.40 billion in 24-hour perpetual DEX volume on September 21, based on a 24-hour volume snapshot ^[3].

TheCoinrise defined open interest as the total value of outstanding derivatives contracts that have not yet been closed or settled, and said a higher figure typically indicates more capital committed to active trading positions on a platform ^[4].