Hyperliquid Reaches $11B Open Interest: Can It Hit $100?

Hyperliquid's derivatives platform has reached over $11 billion in open interest, indicating significant capital participation. The target price of $100 is ambitious, but it requires both platform growth and spot buying to absorb previous holders taking profits.

The platform has already delivered a public run exceeding 1,000%, giving early buyers substantial gains. Later participants enter after one large part of the original multiplier has occurred, making each additional percentage move more capital-intensive.

AlphaPepe offers an earlier DEX stage before comparable public metrics develop, creating greater percentage potential and uncertainty. Buyers are comparing an established derivatives platform with a pre-chart retail intelligence ecosystem that needs recurring users after new products and listings arrive.