Hyperliquid The perpetual futures open interest market share rose to 11.8%, reaching an all-time high
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Hyperliquid The perpetual futures open interest market share rose to 11.8%, reaching an all-time high.
Article
Hyperliquid The perpetual futures open interest market share rose to 11.8%, reaching an all-time high
BlockBeats reported that,October 4, according to hypeflows data, based on open interest,Hyperliquid currently accounts for 11.8%of the global perpetual futures market (including Binance、Bybit、OKX and all other centralized exchanges), reaching an all-time high.
Original link https://m.theblockbeats.info/flash/370205
Key points
01
According to hypeflows data,Hyperliquid based on open interest, accounts for 11.8%of the global perpetual futures market share.
02
The statistics include Binance,Bybit、OKX and other centralized exchanges.
03
This share reached an all-time high.
04
BlockBeats published this report on October 4.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest refers to contract positions that have not yet been closed. Here, 11.8%means that, based on open interest,Hyperliquid accounts for this proportion of the global perpetual futures market covered by the statistics.
Why it matters to readers
This indicates that Hyperliquid reached a new high in its share of perpetual futures open interest under this statistical framework, and can serve as a data point for observing changes in platform market share.
Beginners can understand this as data on the platform's share of open contract positions, but it is not equivalent to trading volume, revenue, or token price performance.
Risks and unknowns
The original text does not provide the original hypeflows data page.
The original text does not specify the exact statistical period or the complete calculation methodology.
The data alone cannot confirm whether Hyperliquid's trading volume, revenue, or HYPE token demand changed accordingly.
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Related concepts
Perpetual Contract
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.