- Open interest at $10.6B, HYPE reaches $47 ATH.
- Influential support from Arthur Hayes.
- Growing DeFi derivatives market competition.
Hyperliquid has reached a significant milestone, achieving $10.6 billion in open interest as its HYPE token soared to an all-time high of $47 as of July 13, 2025.
Hyperliquid’s Achievement
Hyperliquid has achieved a remarkable open interest of $10.6 billion, marking the highest in its protocol history. This milestone highlights the massive inflows and trader activity surrounding their platform. The HYPE token has reached an all-time high of $47, attributed largely to its listing on Bybit’s spot market, triggering significant weekly gains. The milestone has received attention from industry figures like Arthur Hayes.
Arthur Hayes, Former CEO, BitMEX, shared, “Supporting HYPE and the Hyperliquid ecosystem as they bring real speed and on-chain integrity to derivatives trading.”
Market Dynamics
Bitcoin and Ethereum values, exceeding $119K for BTC, have positively affected the derivatives sector, creating a ripple effect for altcoins such as HYPE. Institutions like Tony G Co-Investment Holdings, which allocated $438,000 in HYPE, further demonstrate market confidence.
The market dynamics suggest increasing momentum for HYPE and other derivatives. This is further complicated by investors’ shifting focus toward faster-growing alternatives. Insightful financial outcomes indicate Hyperliquid could prompt regulatory and technological shifts if DeFi derivatives continue the current trajectory.
