Hyperliquid's open interest has climbed to $12 billion, the highest level since the market downturn in October 2025. The figure marks a notable recovery for the platform, which saw open interest drop sharply during that period.
The $12 Billion Milestone
Open interest, the total value of all outstanding perpetual futures contracts on Hyperliquid, reached $12 billion. That's the highest since the October 2025 downturn, when the broader crypto market experienced a significant pullback. The metric is a key indicator of trader activity and leverage in the derivatives market, and the rebound suggests that participants have returned to the platform after the earlier sell-off.
Prediction Market Odds
A prediction market currently assigns a 20% probability that Hyperliquid's token will trade above $100 by December 31, 2026. The odds reflect a cautious outlook among traders, with the majority betting against such a rally in the next two years. The token's current price is not part of the available data, but the $100 target would require a substantial increase from recent levels.
The $12 billion open interest and the 20% probability are the latest data points on Hyperliquid's market activity. No further details were provided about the factors driving the open interest increase or the specific price assumptions behind the prediction market.
