HYPE Reaches Record 7% Share of Perpetual Futures Open Interest on Centralized Exchanges

According to the sources, HYPE captured a record 7% of centralized-exchange perpetual futures open interest as Hyperliquid’s total open positions also reached a new all-time high.

HYPE

Summary

HYPE has reached a record 7% of total perpetual futures open interest across centralized exchanges, while Hyperliquid reported that its total open positions also climbed to a new all-time high. Together, the updates point to elevated derivatives market participation around HYPE and stronger activity on Hyperliquid. Open interest, or open positions, measures the total value of active derivatives contracts and is commonly used to assess trader participation, liquidity, and overall exposure. The sources did not provide additional numerical totals, timing details, breakdowns, or specific reasons for the increase.

Terms & Concepts
  • Open interest: The total number or value of active derivatives contracts that have not been closed, settled, or otherwise exited, and is used to gauge market activity and positioning.
  • Perpetual futures: Crypto derivatives contracts with no expiration date, allowing traders to maintain leveraged positions as long as margin requirements are met.
  • Hyperliquid: A crypto trading platform focused on onchain derivatives, where users can trade perpetual futures and monitor market activity.