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Hyperliquid’s HIP-4 Pair Reaches $1.953 Million Volume Within 18 Hours

The newly launched trading pair on Hyperliquid recorded $859,530 in open interest, indicating early derivatives activity shortly after launch.

HYPE

Summary

Hyperliquid’s newly launched HIP-4 pair generated $1.953 million in trading volume and $859,530 in open interest within 18 hours of going live. The figures point to early user activity in the market, with open interest reflecting the total value of active derivatives positions that remained open after the launch window.

Terms & Concepts
  • Open interest: The total value or number of active derivatives contracts that have not been closed or settled.
  • Trading volume: The total amount traded over a set period, often used to gauge market activity and liquidity.
  • Derivatives: Financial contracts whose value is tied to an underlying asset, commonly used for speculation or hedging.