Hyperliquid Open Interest Hits $14.3B as HYPE Surpasses All-Time High

Hyperliquid's total open interest has reached $14.3 billion on Sunday, nearing the level recorded before the October 10, 2025 crash.

This rebound is notable as Hyperliquid's outstanding derivatives positions were cut sharply during that earlier sell-off.

HYPE was trading at an all-time high of $88 at the time of writing, up over 50% this month.

HIP-3 markets now account for a larger part of positions on Hyperliquid, with its share of total open interest rising from 18% in March 2026 to over 34% in August 2026.