Hyperliquid Shatters Records: Open Interest Soars to $14.7B ATH
Hyperliquid just rewrote the rulebook—again. The perpetual swaps platform smashed through its previous ceiling, hitting a staggering $14.7B in open interest. Traders are piling in like it's 2021.
Why the frenzy? Three words: leverage never sleeps. While traditional markets obsess over Fed minutes, crypto degens are busy printing alpha with 50x positions. The platform's zero-gas-fee structure doesn't hurt either—try finding that on Wall Street.
But let's not pop champagne yet. Remember kids: open interest records are like Icarus' wings—impressive until liquidity evaporates faster than a meme coin's roadmap. Still, for now? The bulls are charging.