Hyperliquid Sees Open Interest Surge to $14.3 Billion

Hyperliquid, a decentralized perpetual futures exchange, has recorded open interest of $14.3 billion. This milestone coincides with the native HYPE token reaching an all-time high, which recently surpassed $89, marking a 60% increase over the month.

The platform's growth is supported by strong ETF inflows and active buyback activities. According to Hyperliquid AQA v2, the platform projects revenue of $193 million and daily HYPE token buybacks of $527 thousand.

Hyperliquid is also planning an entry into the US market. According to CoinDesk, the company intends to use Kraken's Bitnomial licenses to facilitate this expansion.