The Hyperliquid platform records an unprecedented level of volume $BTC
of open contracts valued at $8.9 billion and the price of Bitcoin exceeds $111,000
The Hyperliquid platform recorded a daily trading volume of $19.15 billion, topped by Bitcoin (BTC) valued at $11.5 billion, followed by Ethereum (ETH) and then Solana (SOL).
The decentralized trading platform Hyperliquid achieved an unprecedented milestone on Thursday, as the open contract volume rose to a record of $8.9 billion, and the platform recorded trading fees over 24 hours amounting to $5.4 million, reporting a total value locked from the stablecoin USDC of $3.2 billion, in a clear indication of the rising activity in its markets.
This performance coincides with Bitcoin reaching new high levels, as it surpassed the $111,000 mark during early trading hours in Asia before slightly retreating below it. This rise comes amidst a series of positive supporting factors, most notably the improvement in trade relations between the United States and China, and Moody's downgrade of the U.S. sovereign debt rating.
