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Hyperliquid reaches 9% of global perpetual futures open interest

Hyperliquid reaches 9% of global perpetual futures open interest

Hyperliquid hit a record 9% share of global perpetual futures open interest, while permissionless HIP-3 markets and RWA-related contracts pushed platform open interest to fresh highs.

HYPE

Fact Check
All three components are corroborated. The record 9% global perpetual futures OI share is reported by multiple outlets (BlockBeats, CoinNess, CryptoRank/Bitcoinworld) citing the same data aggregator Hypeflow. The June RWA perp volume topping $100B is reported by CryptoRank citing DeFiLlama. The ~$11B total OI is directly confirmed by the official @HyperliquidX post and Odaily. The metrics were reported across slightly different dates but are internally consistent.
Summary

Hyperliquid captured a record 9% of the global perpetual futures market by open interest on July 11, according to Hypeflows data, with the comparison including centralized exchanges such as Binance, Bybit and OKX. DeFiLlama separately showed the platform’s total open interest rose to about $11.07 billion on July 13, a new high for 2026, before easing to about $10.88 billion. Open interest in permissionless HIP-3 markets reached a record roughly $3.69 billion, while real-world asset-related open interest also hit an all-time high. Earlier, June RWA perpetual trading volume surpassed $100 billion for the first time, highlighting rising activity in tokenized equities, commodities and other real-world asset-linked crypto derivatives.

Terms & Concepts
  • open interest: The total value of outstanding derivatives positions that have not been closed.
  • perpetual futures: Derivatives contracts that track an underlying asset without a fixed expiry date.
  • RWA: Real-world assets represented or referenced through on-chain financial products.