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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)

Hyperliquid users borrowed $269M on day one of new manual borrowing feature.

Hyperliquid users borrowed $269M on day one of new manual borrowing feature.

Hyperliquid launched a manual borrowing feature on September 18, 2026, allowing users to borrow USDC or USDT using HYPE or BTC as collateral. On the first day, users borrowed $269 million, indicating strong demand and confidence in the platform's bor...

Protocol Fundamentals
Bullish
4 hours ago
Hyperliquid launches lending on HyperCore with $269M borrowed on day one, letting users borrow USDC/USDT using HYPE or BTC.

Hyperliquid launches lending on HyperCore with $269M borrowed on day one, letting users borrow USDC/USDT using HYPE or BTC.

Hyperliquid has introduced a new lending feature on its HyperCore platform, allowing users to post HYPE or BTC as collateral to borrow stablecoins USDC or USDT. On the first day, $269 million in assets were borrowed, with interest rates dynamically a...

Protocol Fundamentals
Bullish
4 hours ago
Hyperliquid launches borrowing and lending, $269M borrowed on day one

Hyperliquid launches borrowing and lending, $269M borrowed on day one

Hyperliquid, a Layer-1 decentralized platform, has introduced borrowing and lending services allowing users to borrow USDC and USDT using HYPE and BTC as collateral. The new feature attracted $269 million in borrowed assets on its first day, signalin...

Protocol Fundamentals
Bullish
4 hours ago
Crypto rally lifts Bitcoin above $78,000 with HYPE, ZEC, and SOL leading gains.

Crypto rally lifts Bitcoin above $78,000 with HYPE, ZEC, and SOL leading gains.

Bitcoin recovered to just below $78,000 after a brief dip, marking its third straight day of gains amid a broader crypto rally. Major altcoins like Hyperliquid's HYPE, Zcash's ZEC, and Solana's SOL saw significant increases of 11%, 8%, and 6% respect...

Market News
Bullish
6 hours ago
Hyperliquid protocol revenue hits $13.48M with $12.42M HYPE tokens burned this week

Hyperliquid protocol revenue hits $13.48M with $12.42M HYPE tokens burned this week

Hyperliquid's weekly protocol revenue reached $13.48 million, generating $15.11 million in gross fees. The protocol burned 156.58K HYPE tokens worth about $12.42 million, continuing a trend of increasing revenue and token burns. Cumulative revenue ha...

Protocol Fundamentals
Bullish
6 hours ago
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