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Hyperliquid Surpasses $18 Billion Open Interest Amid Bitcoin Volatility Trading Launch

Guavy AI Editorial Team
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HYPE BTC USDC
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Hyperliquid's open interest has reached a record high of $18 billion as it continues to develop its derivatives ecosystem. This milestone comes on the heels of the platform launching a volatility derivative on Bitcoin, known as BVIV or the 'Bitcoin VIX.'

The BVIV perpetual contract allows users to trade volatility, not price direction, providing a new way for traders to express their views about the price action of Bitcoin.

According to Hyperliquid Daily's X Post, the BVIV product initially offers leverage of 5x and utilizes USDC as collateral. The underlying technology behind the product is Volmex, while the oracle is provided by SEDA.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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