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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
pluang ai news

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)

Hyperliquid ETFs see $2.84M inflows after $30M outflows in 3 weeks, signaling renewed investor interest.

Hyperliquid ETFs see $2.84M inflows after $30M outflows in 3 weeks, signaling renewed investor interest.

Hyperliquid (HYPE) spot ETFs reversed a three-week outflow trend by gaining $2.84 million in fresh inflows for the week ending August 7, after losing over $30 million between mid-July and early August. This turnaround comes amid cautious market condi...

Market News
Neutral
8 hours ago
HYPE token unlock adds $23M supply, pressuring price amid bearish signals and heavy long liquidations.

HYPE token unlock adds $23M supply, pressuring price amid bearish signals and heavy long liquidations.

Hyperlabs unlocked 433,025 HYPE tokens worth over $23 million, increasing market supply concerns as many tokens moved to exchanges like Flowdesk, OKX, and Bybit. This supply increase comes during a period of weak demand, with HYPE price dropping 3.5%...

Technical Signals
Bearish
9 hours ago
Hyperliquid burns $1.28M HYPE tokens amid strong fee generation, signaling tightening supply and potential bullish trend.

Hyperliquid burns $1.28M HYPE tokens amid strong fee generation, signaling tightening supply and potential bullish trend.

Hyperliquid has burned $1.28 million worth of HYPE tokens in the past 24 hours after generating $1.65 million in fees, pushing lifetime token burns to 47.53 million HYPE ($2.68 billion). This deflationary activity is reducing circulating supply and t...

Protocol Fundamentals
Bullish
18 hours ago
Whale increases Bitcoin long positions on Hyperliquid amid HYPE token transfers, signaling confidence in price rise.

Whale increases Bitcoin long positions on Hyperliquid amid HYPE token transfers, signaling confidence in price rise.

A major whale investor has boosted their Bitcoin long exposure on the Hyperliquid exchange, coinciding with HyperLabs transferring large amounts of its HYPE tokens to centralized exchanges. This activity reflects growing confidence among whales, with...

Market News
Bullish
21 hours ago
HYPE price rises above $56.80 on strong Q2 revenue and token buybacks, eyeing breakout above $57.

HYPE price rises above $56.80 on strong Q2 revenue and token buybacks, eyeing breakout above $57.

HYPE token price climbed above $56.80 after Hyperliquid reported $169 million in Q2 revenue and allocated $141 million to token buybacks, supporting demand. The price rebounded from a $51 support level and is testing a breakout above a descending cha...

Protocol Fundamentals
Bullish
1 day ago
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