Hyperliquid Surpasses $14 Billion in Open Interest
Hyperliquid's open interest has reached an all-time high of $14.669 billion, continuing to grow since surpassing $14 billion on September 4. This figure had dropped to approximately $4.76 billion in February, indicating a growth of about 210% over the past seven months.
The increase in Hyperliquid's open interest has been gradual since March, without the rapid leverage buildup seen last October. Over the past 30 days, Hyperliquid has experienced a series of positive developments, including Coinbase announcing that the Base app would begin using Hyperliquid's perpetual futures technology on August 19.
This technology will connect to over 290 perpetual contract markets. Additionally, on August 20, Donald Trump stated that the CFTC is promoting Hyperliquid. The growth in open interest indicates increasing demand for Hyperliquid's products and services.