Hyperliquid: Over $9 Billion In Open Interest And Hype In Full Explosion

Hyperliquid and its native token HYPE embody a resurrection worthy of a phoenix. Despite its youth, this ecosystem has surpassed expectations with impressive performance. The numbers confirm it: an explosion in volumes, open interest, and a spectacular surge in the token price. This dynamic reflects rapid adoption and growing confidence, despite recent turbulences. Hyperliquid is already establishing itself as a major force in the crypto sector, demonstrating that innovation and resilience pay off.

Hyperliquid breaks its records with unprecedented statistics

Recently, Hyperliquid faced a challenge: a major hack was reported. However, this incident did not stop the platform from breaking records. Open interest surpassed 9.2 billion dollars, a level never seen before in its history. For comparison, it peaked at 8 billion on May 21, already a historic high. This peak reflects a massive influx of traders, particularly on bitcoin, whose open positions reach 4.2 billion.

The HYPE token, symbol of this success, reached a peak near 36 dollars . It appreciated by more than 800% since November 2024. This spectacular growth is driven by a trading volume of nearly 500 million dollars in 24 hours. 

These figures illustrate enthusiasm and confidence, despite a context marked by severe liquidations, including one short seller who lost 23.5 million dollars.

In a tweet , Hyperliquid Labs reaffirmed its commitment: 

We believe in DeFi to offer a more open, transparent, and efficient financial system.

This statement underlines the ecosystem’s desire to meet the expectations of modern markets.

Outlook and regulation: the promising future of Hyperliquid crypto

The future of Hyperliquid is written under the signs of growth and regulation. The platform engages in constructive dialogue with the Commodity Futures Trading Commission (CFTC) in the United States. This dialogue is essential to frame decentralized perpetual derivatives, often seen as risky. Hyperliquid bets on clear regulation to reassure investors and ensure sustainable development.

Furthermore, technical analysts anticipate a possible short-term correction of HYPE, with key supports around 28 to 33 dollars. But the long-term trend remains bullish. The price target is envisioned between 41 and 45 dollars, which would confirm the strength of the current cycle.

Some key figures to remember:

• Total open interest: 9.2 billion dollars, absolute record;
• HYPE market capitalization: 12.4 billion dollars, 12th crypto rank;
• 24h trading volume: 498.87 million dollars;
• Recent liquidation: 23.5 million dollars lost by a short seller.

James Wynn, a renowned trader, embodies this excitement with his bold positions. He opened a 40x leveraged long bitcoin position worth 1 billion dollars on Hyperliquid. This strategy highlights the confidence of big players in this innovative crypto ecosystem.

Hyperliquid is much more than just a DEX. Its resilience in the face of challenges, its impressive growth, and its positioning in crypto regulation give it a central role in the future of decentralized finance. This crypto phoenix shows the way forward, blending innovation, opportunities, and transparency . Its trajectory remains one to watch closely, both for traders and observers of the global crypto scene.