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Hyperliquid Hits $4.9B Open Interest Amid Crypto Bull Run
Hyperliquid Hits $4.9B Open Interest Amid Crypto Bull Run
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Hyperliquid, a decentralized perpetual futures exchange, has surged to a record $4.9 billion in open interest as bullish sentiment sweeps the crypto market. The milestone highlights DeFi’s accelerating adoption, with traders flocking to the platform’s gas-free Layer 1 blockchain for high-speed derivatives trading.
The platform’s native token, HYPE, gains attention as open interest—reflecting outstanding contract values—signals robust liquidity and activity. Hyperliquid’s achievement mirrors the broader market renaissance, where decentralized infrastructure increasingly competes with traditional exchanges.
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