Hyperliquid Surpasses Bybit, Kraken, and OKX in Open Interest After 80% Growth
(3 hours ago) · 1 source · Summarized by CryptoBipto
Decentralized exchange Hyperliquid has overtaken several major centralized exchanges in open interest during Q3, with positions growing by 80%. The platform now ranks above Bybit, Kraken, and OKX by this metric, marking a notable shift in derivatives trading activity toward a decentralized platform.
WHY IT MATTERS
Think of open interest like the total number of active bets placed at a casino's tables — it shows how much money is currently tied up in trades that have not yet been closed.
Read the full analysis with a CryptoBipto membership
Members read why every story matters and the full analysis behind it.
SOURCES
- theblock.co
RELATED
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.
- How do you buy cryptocurrency safely?How crypto exchanges, verification, on-ramps and order types work, so you understand each step of a first purchase before you make one.
- How do crypto trading and market structure work?How crypto markets are actually built — spot and futures, margin and leverage, liquidation, market makers, spreads and slippage — explained term by term.