Hyperliquid TVL hits new high since Oct. 11 crash

According to HyperInsight, the total value locked (TVL) on the Hyperliquid (HYPE) platform has increased by 7.8% over the past week to $55.29 billion, marking a new high since the crash on Oct. 11. The platform's open interest (OI) has also risen to $9.647 billion, its highest level since February of this year. Recent 24-hour trading volume was recorded at approximately $7 billion, with about 28.1% of that activity originating from trades related to traditional markets within the HIP-3 ecosystem. During the Oct. 11 crash, Hyperliquid's TVL had dropped by about 12.5% from its peak, while its OI plummeted by approximately 57.7%.