Hyperliquid Hits $9B Open Interest as DeFi Mania Reignites
Move over, Wall Street—the degens are back in charge. Hyperliquid’s derivatives platform just blasted past $9 billion in open interest, signaling a fresh wave of crypto leverage frenzy.
When liquidity flows this fast, someone’s bound to get wrecked. But hey—at least the yield farmers will have front-row seats to the carnage.
In brief
- Hyperliquid shows a historic open interest of 9.2 billion dollars, a sign of strong activity.
- The HYPE token has surged over 800% in six months, captivating the crypto sphere.
- HYPE’s daily trading volume exceeds 498 million dollars, proof of great liquidity.
- Hyperliquid engages in constructive dialogue with the CFTC to strengthen its regulation and credibility.
Hyperliquid breaks its records with unprecedented statistics
Recently,: a major hack was reported. However, this incident did not stop the platform from breaking records., a level never seen before in its history. For comparison, it peaked at, already a historic high. This peak reflects a, particularly on bitcoin, whose open positions reach 4.2 billion.
The, symbol of this success, reached. It appreciated by. This spectacular growth is driven by a trading volume of nearly 500 million dollars in 24 hours.
These figures illustrate, 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 engagesin the United States. This dialogue is essential to, often seen as risky. Hyperliquid bets on clear regulation to reassure investors and ensure sustainable development.
Furthermore, technical analysts anticipate, 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. 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.
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