Hyperliquid holds a record 11.8% share of the global perpetual futures market as of Oct. 4, measured by open interest. The comparison covers the entire market, including centralized exchanges such as Binance, Bybit and OKX. Hyperliquid’s share rose from 10.5% in mid-September to 11.4% at the end of September before reaching the latest record. Open interest measures the total amount of derivative positions that remain open rather than liquidated or closed.