Hyperliquid Reaches Record 6.9% Share of Perpetual Futures Open Interest
The source says Hyperliquid captured a record share of aggregate perpetual futures (crypto derivatives without expiry) open interest compared with centralized exchanges.
HYPE
Summary
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Terms & Concepts
Perpetual futures: Crypto derivatives contracts without an expiration date, widely used for leveraged trading.
Open interest: The total number of outstanding derivatives positions that remain open in the market.
Centralized exchanges: Trading platforms operated by a central company that holds custody and matches user orders.