Hyperliquid Hynix contracts top BTC with $2.339 billion in 24-hour volume

Venue-level holdings data shows SKHYNIX contract positioning is concentrated on Hyperliquid, with $571 million versus $115 million on Binance, alongside the pair’s record trading activity on July 29.

BTC
HYPE

Summary

Hyperliquid’s Hynix-related contracts SKHX and SKHY posted a record combined $2.339 billion in 24-hour trading volume on July 29, surpassing BTC’s $1.695 billion to become the platform’s most active assets. SKHX recorded $1.858 billion in volume and $602 million in open interest, while SKHY logged $480 million in volume and $74.28 million in open interest. Separate venue-level holdings figures also show SKHYNIX contract positioning concentrated on Hyperliquid, where holdings reached $571 million versus $115 million on Binance, a gap of about $456 million and nearly a five-to-one ratio. The combined holdings total across the two venues was about $686 million. The snapshot highlights where exposure is concentrated, but by itself does not show whether traders are positioned long or short or indicate any directional price outcome.

Terms & Concepts
  • open interest: The value of outstanding derivative positions that remain open.
  • trading volume: The total amount of an asset traded over a given period.
  • contract holdings: A venue-level measure of positions or exposure tied to a specific contract at a given point in time.