Hyperliquid Open Interest Surges to $11.5 Billion

Hyperliquid, a decentralized perpetual futures exchange, has reached a new milestone in 2026. Its open interest has hit $11.5 billion, marking the highest level of the year so far.

This surge is primarily attributed to increased activity in equities and AI-related sectors. The platform's share of centralized-exchange perpetual open interest also attained a record at 9.5%. This development indicates growing engagement and interest in Hyperliquid, potentially impacting its future price predictions.

The increase in Hyperliquid's market share of perpetual open interest is consistent with scenarios where its valuation could rise. Market pricing suggests that Hyperliquid's growth is largely driven by non-crypto assets, particularly in RWA markets.