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

Market News
24 May 2026, 14:59 WIB
Crypto Briefing
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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.

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