Hyperliquid's open interest has reached a record peak of over 10.6 billion USD.
This information reflects the strong growth and significant attraction of Hyperliquid in the cryptocurrency derivatives trading market.
MAIN CONTENT
Hyperliquid officially records the highest open interest ever.
Open interest exceeding 10.6 billion USD reflects the trust and rapid growth of the platform.
This achievement reflects the strong development trend of derivative products in the cryptocurrency market.
What is open interest and why is it important?
According to financial market experts, open interest reflects the number of outstanding or liquidated derivative contracts, indicating liquidity levels and investor interest. High open interest means active trading and significant attractiveness of derivative products.
This is very important for investors to assess liquidity as well as market trends in the current phase.
What is the latest situation at Hyperliquid?
On July 12, 2024, Hyperliquid announced that its open interest had surpassed 10.6 billion USD, a new record in the industry. This event marks a new peak in the platform's development and creates strong competition with other derivatives exchanges.
Record open interest reflects the deep trust of the investor community in the technology and services provided by Hyperliquid.
Hyperliquid spokesperson, July 2024
How does open interest affect investors?
From a professional perspective, high open interest increases liquidity, reduces price volatility, and facilitates order execution. This makes it easier for investors to enter or exit positions at lower costs and with higher stability.
What is the current trend in the cryptocurrency derivatives market?
According to reports from major market research organizations, the increase in open interest on derivatives platforms demonstrates a strong shift of capital flows into complex products, meeting the diverse needs of investors and creating richer investment opportunities.
The cryptocurrency derivatives market is booming, as evidenced by record global open interest, ushering in a new era for digital financial trading.
Director of Digital Financial Research, Mid 2024
Comparison table of open interest of typical cryptocurrency derivatives platforms
Platform Open Interest (billion USD) Recorded Time Hyperliquid 10.6 July 2024 Platform A 8.5 Q1 2024 Platform B 7.2 June 2024
Frequently Asked Questions
What does high open interest mean for investors?
An increase in open interest indicates a market with good liquidity and active trading, allowing investors to trade more easily at lower costs.
Why did Hyperliquid achieve a record in open interest?
The combination of advanced technology, user-friendly interface, and investor support policies has helped Hyperliquid attract a large number of users and open interest.
Does open interest affect cryptocurrency prices?
Open interest affects liquidity and market sentiment, thereby indirectly impacting cryptocurrency price volatility.
How is open interest updated?
Major platforms often publicly disclose open interest in real-time or periodically to ensure transparency and support investors in making accurate decisions.
What should be noted when monitoring open interest?
Investors need to combine open interest analysis with other indicators to correctly understand trends and effectively manage risks.
Source: https://tintucbitcoin.com/hyperliquid-open-interest-dat-dinh-ath/
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