Hyperliquid Leapfrogs Competitors in Open Interest
Hyperliquid's open interest share reached 11.7% across the platform and eight major centralized rivals following an 80% growth in Q3 positions.
Hyperliquid surpassed competitors including Bybit, Kraken, and OKX in open interest market share, reaching 11.7% across the platform and eight major centralized rivals, according to TheBlock. The increase follows an 80% growth in third-quarter positions on the platform.
Growth in Open Interest
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According to TheBlock, the platform expanded its position within the derivatives market during the third quarter, driving its aggregate market share to 11.7% when measured alongside eight major centralized competitors.
Key facts
- Hyperliquid reached an 11.7% share of open interest across the platform and eight major centralized rivals.
- Q3 positions grew by 80%.
- The platform surpassed competitors including Bybit, Kraken, and OKX.
Source: theblock.co
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