Hyperliquid Hits New ATH
Hyperliquid has become a key hub for the crypto community when it comes to trading derivatives. Its Web3 infrastructure allows users to see on-chain activity directly tied to trading on the platform. This transparency — such as the ability to view the positions of major players and other traders — increases trust and engagement, making the trading experience more dynamic and fair.
Recently, Hyperliquid hit an all-time high in both open interest ($8.92B) and 24-hour trading volume ($18.91B). It now ranks 5th in the industry by these metrics, behind only Binance, Bitget, Bybit, and OKX.
This surge in activity, combined with the team's ongoing buyback strategy for the $HYPE token, is driving strong upward momentum in the token’s price.