Hyperliquid Hits Record 10.9% Share of Global Perpetual Futures Market

Hyperliquid, a decentralized derivatives exchange, has reached an all-time high in its share of the global perpetual futures market.

According to Hypeflows on September 20, Hyperliquid accounted for 10.9% of the global perpetual futures market by open interest (OI), surpassing its previous record.

This milestone marks a significant achievement for the exchange, which has been gaining traction in the crypto derivatives space.

Hyperliquid's native token, HYPE, was trading at $91.32 on CoinMarketCap on September 20, down 1.7% from the day before.