Hyperliquid open interest hits all-time high of $11.14B

Hyperliquid (HYPE) announced that its perpetual futures open interest (OI) has reached an all-time high of $11.14 billion. The company attributed this growth to its HIP-3 market, which supports stocks, commodities, and index products. HIP-3 is a system that allows anyone to create a perpetual futures market on the Hyperliquid HVM.