Hyperliquid leapfrogs Bybit, Kraken and OKX in open interest as Q3 positions grow 80%
- Hyperliquid’s share of open interest reached 11.7% across the platform and eight major centralized rivals.
- Hyperliquid's rise in open interest signals a shift in market dynamics, potentially reshaping competitive strategies in the derivatives sector.
- Hyperliquid surpassed Bybit, Kraken and OKX in open interest in Q3
Sources
Updated: