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Hyperliquid captures record 7% share of perpetual futures open interest, challenging centralized crypto exchanges.

Market News
24 May 2026
Crypto Briefing
View Source
Bullish
Hyperliquid captures record 7% share of perpetual futures open interest, challenging centralized crypto exchanges.

Hyperliquid, a decentralized exchange, has reached a record 6.9% share of the aggregate perpetual futures open interest, rivaling centralized platforms like Binance and Bybit. This growth is driven by its permissionless markets launched in October 2025, allowing trading of real-world asset futures such as gold, oil, and S&P 500. Hyperliquid now commands over 70% of on-chain perpetual futures volume within decentralized exchanges, with its native token HYPE rising significantly. While this marks a major shift in crypto trading, investors should be aware of risks including market concentration and regulatory uncertainties related to real-world asset trading.

More News (HYPE)

HYPE whale nets $23M profit from $902K investment after recent Kraken deposits.

HYPE whale nets $23M profit from $902K investment after recent Kraken deposits.

A HYPE whale has made over $23 million in profit from an initial investment of about $902,000 made roughly two years ago. The whale purchased 257,928 HYPE tokens at around $3.50 each and recently deposited 131,421 HYPE tokens to Kraken, valued at app...

Market News
Bullish
9 hours ago
HYPE token may drop 17% to $72 as bearish signals emerge after surpassing $95 peak.

HYPE token may drop 17% to $72 as bearish signals emerge after surpassing $95 peak.

The HYPE token, after rallying above $95, shows signs of a potential decline of up to 17% toward $72 due to weakening momentum and bearish technical patterns. The price has fallen below key moving averages and the relative strength index indicates in...

Technical Signals
Bearish
10 hours ago
Whale opens $21.87M short positions on PUMP, SOL, and XRP with mixed gains and losses.

Whale opens $21.87M short positions on PUMP, SOL, and XRP with mixed gains and losses.

A large trader opened short positions totaling about $21.87 million across PUMP, Solana (SOL), and XRP on October 8 after closing a long PUMP position at a loss. The trader's short positions included 1.5 billion PUMP tokens with 5x leverage, 75,000 S...

Market News
Neutral
12 hours ago
Hyperliquid Labs completes $330M unstaking of 3.75M HYPE tokens linked to private OTC deal

Hyperliquid Labs completes $330M unstaking of 3.75M HYPE tokens linked to private OTC deal

Hyperliquid Labs finished a seven-day unstaking process of 3.75 million HYPE tokens valued around $330 million, tied to a private institutional over-the-counter (OTC) transaction. The tokens were moved across multiple wallets but are not expected to ...

Protocol Fundamentals
Bearish
13 hours ago
Hyperliquid to add options trading, boosting derivatives and price outlook for 2026

Hyperliquid to add options trading, boosting derivatives and price outlook for 2026

Hyperliquid announced plans to integrate options trading into its decentralized exchange platform, enhancing its derivatives offerings alongside spot and perpetual futures. This move aims to provide users with better risk management tools and is supp...

Protocol Fundamentals
Bullish
1 day ago
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