Hyperliquid Ends Q3 With $16.8 Billion in Open Interest, Ahead of Rivals

Enna Lee

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Hyperliquid Ends Q3 With $16.8 Billion in Open Interest, Ahead of Rivals

Its open interest rose significantly from the previous quarter.

By Enna Lee

Published Nov 13, 2026, 7:42 PM EST

A steel balance scale holds one heavy weight opposite three lighter weights / TokenPost.ai

Hyperliquid ended September with about $16.8 billion in open interest on its perpetual-futures platform, ahead of Bybit, Kraken and OKX. Its total rose significantly from the previous quarter.

Open interest measures the value of positions that remain outstanding in perpetual contracts.

Hyperliquid’s perpetual-contract open-interest share stood at 11.9% on Oct. 7, a later measure of its position in the derivatives market.

Enna Lee

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Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.