Hyperliquid just set a new record with $18.99 B in 24h perps trading volume. Open interest also hit an all-time high of $13.8 B, reflecting a sharp increase in market activity and speculative positioning.
Now ranked fifth globally in perps volume, Hyperliquid saw ETH lead trading with $5.92 B, overtaking BTC at $5.11 B.
ETH open interest on Hyperliquid also saw a sharp increase, reaching its highest level at $2.84 B, highlighting the sharp rise in ETH trading interest on the platform.
Source:@Neda4_
ETH Funding rates on Hyperliquid have also moved higher, in line with the increase in ETH price and open interest, suggesting demand for long positions.
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