Hyperliquid’s XPL Open Interest Surpasses Binance and Aster by $250M

XPL futures open interest reached a record $1.826 billion, surpassing Binance's $1.764 billion, as trading volume surged, according to Coinglass data.

Summary

XPL futures open interest has reached a new high of $1.826 billion, surpassing Binance's $1.764 billion, as reported by Coinglass. The total open interest for XPL rose by 16.56% in the last 24 hours, with Binance holding the largest position of 293 million XPL, valued at $469 million, followed by Bybit with 111 million XPL worth $177 million.

Terms & Concepts
  • Open Interest: The total number of outstanding derivative contracts, such as futures or options, that have not been settled.
  • XPL: A cryptocurrency or token traded on various exchanges, referenced here in the context of open interest data.