Hyperliquid holds 58 percent of open interest: What it means for the Hyperliquid price

Published on 10/24/2026 at 07:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 fees reached 165.5 million USD across the protocol. The Hyperliquid price is 77.13 USD on October 24, 2026, down 1.35 percent.

Q3 market share and token supply

A Q3 market report put Hyperliquid at 58.0 percent of on-chain perpetual open interest on October 21, 2026.
HIP-4 recorded 317 million USD in cumulative volume during its first five months through October 5, 2026.
The Hyperliquid price stands at 77.13 USD as of October 24, 2026, 1.35 percent below the UTC daily close of October 23, 2026.
A 3.75 million HYPE team allocation was released on October 6, 2026, under an over-the-counter arrangement.

Hyperliquid, XCRYPTOHYPE5, Illustration mit AI erstellt.

Hyperliquid (HYPE) held 58.0 percent of on-chain perpetual open interest in the third quarter of 2026, according to TechFlow Post. The report published on October 21, 2026, also put the protocol's share of on-chain perpetual volume at 38.6 percent and its quarterly volume at 688.7 billion USD.

The Hyperliquid price is 77.13 USD as of October 24, 2026, down 1.35 percent compared with the UTC daily close of October 23, 2026. The market data gives the token a 19.56 billion USD market capitalization and rank 10.

Q3 open interest share reaches 58.0 percent

TechFlow Post reported that Hyperliquid's average open interest rose 45.3 percent to 6.3 billion USD in the third quarter of 2026. The wider on-chain perpetual market contracted 2.5 percent in the same quarter, while Hyperliquid's own volume increased 9.2 percent to 688.7 billion USD. Open interest is the value of outstanding derivatives positions that remain open.

The report also said perpetual contract fees rose 2.9 percent to 165.5 million USD in the third quarter. It stated that 88.7 percent of those fees went to open-market HYPE buybacks through the Assistance Fund.

HIP-4 records 317 million USD through October 5

Hyperliquid's HIP-4 prediction-market platform recorded 317 million USD in cumulative volume during its first five months, according to TokenPost on October 13, 2026. The platform generated 51 million USD in September 2026, while soccer World Cup contracts represented 28 percent of cumulative volume.

TokenPost reported that HIP-4 produced about 5 million USD during the first five days of October 2026. The separate prediction-market activity remains smaller than established venues, and the article described fewer markets and thinner liquidity as constraints.

A separate token-supply event occurred on October 6, 2026. FinanceFeeds reported that 3.75 million HYPE was released for the team under an over-the-counter agreement with one institutional buyer, rather than through public order books.

HYPE trades at 77.13 USD on October 24, 2026

The Hyperliquid price stands at 77.13 USD as of October 24, 2026, according to Investing.com. It is down 1.35 percent compared with the UTC daily close of October 23, 2026. The daily high is 78.95 USD and the daily low (UTC day) is 76.20 USD. Investing.com lists market capitalization at 19.56 billion USD, rank 10, 24-hour volume at 822.03 million USD and circulating supply at 253.77 million HYPE.