The decentralized trading platform's growth may be influenced by copy trading, with a single address controlling 7.94% of total open interest since early December.
Hyperliquid, a decentralized trading platform, has reached $7.73 billion in open interest, with an address known as the '1011 insider whale' holding 7.94% of the total since opening positions on December 7. The platform’s open interest growth rate has increased recently, potentially driven by the impact of copy trading.