Hyperliquid hits record 7% share of aggregate perpetual open interest
Hyperliquid has achieved a record 6.9% share of perpetual futures open interest, challenging established centralized exchanges. This growth is attributed to the launch of HIP-3, which allows trading of perpetual contracts on real-world assets. Despite its success, Hyperliquid's dominance raises concerns about market concentration and regulatory risks.
- ▪Hyperliquid now commands nearly 7% of perpetual futures open interest compared to centralized rivals.
- ▪The platform recorded open interest in the $9.6B range in January 2026.
- ▪HIP-3 markets alone hit $1.2B in open interest in March 2026.
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Hyperliquid hits record 7% share of aggregate perp open interest The decentralized exchange now commands nearly 7% of perpetual futures open interest compared to centralized rivals, fueled by real-world asset expansion and billions in trading activity. Share Add us on Google by Editorial Team May. 24, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); A decentralized exchange is quietly eating the lunch of some of the biggest names in…
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