Hyperliquid open interest hits $14B as HYPE reaches all-time high
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Hyperliquid recovered almost entirely the open interest it had before the collapse of October 2025, while HYPE reached a historic peak of $89.53. The rebound, however, reveals a major change: recent growth comes less and less from HIP-3 and more from the central route of perpetual contracts, which allocates about 97% of its commissions to repurchase the token.
Hyperliquid's open interest surged to $14.3 billion on Sunday, approaching the level seen just before last year's massive crash. The exchange's native token, HYPE, hit an all-time high of around $89.6 this week. HYPE has gained over 50% in value since the beginning of the month.
Why is Hyperliquid price still rising after an $820 million token unlock?
Hyperliquid's price has risen roughly 2% over the past 24 hours to $86.05 on September 9, recovering from an intraday low near $81.82 and moving back towards its record high near $89. According to Hyperliquid market data, open interest across the platform has reached a record $14.3 billion after increasing by roughly $3.57 billion over the past month. Much of the recent activity has been supported by Hyperliquid's core crypto perpetual markets,…
HYPE Price Near Record as Whales and ETF Buyers Accumulate
Key Insights Hyperliquid is drawing fresh whale and institutional demand after HYPE reached a record $89.60 on September 6. The token traded near $85 on September 7, leaving price roughly 5% below that peak. On-chain data shows several large buyers adding HYPE despite the recent rally. Trader 0x3305 bought 194,210 HYPE worth $16.79 million across […]
Hyperliquid Open Interest Nears Pre-Crash Levels as HYPE Hits Record High
How Close Is Hyperliquid To Its Pre-Crash Peak? Hyperliquid’s total open interest has climbed back to levels last seen immediately before the sharp October 2025 deleveraging event, with the recovery increasingly driven by its core crypto perpetual futures markets rather than HIP-3. Total open interest reached $14.3 billion on Sunday, putting it within about 3% of the level recorded immediately before the Oct. 10, 2025 crash. On that day, Hyperli…
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