Hyperliquid's HYPE token surged to $74.62 on June 17, 2026, as the platform captured an unprecedented 8.3% share of global perpetual futures open interest, marking a 35% increase over the prior week.
Record Share of Open Interest
Hyperliquid now accounts for 8.3% of the total notional value of perpetual contracts across all venues, including centralized exchanges. The Hypeflows metric calculates this share by dividing Hyperliquid's open interest by the worldwide aggregate, providing a clearer view of committed positioning than short‑term trading volume alone. This milestone highlights a measurable shift of derivatives activity toward blockchain‑based order books.
Trading Volume and Fee Revenue
In the last 30 days, Hyperliquid's futures trading volume approached $240.5 billion, reflecting strong investor demand for on‑chain derivatives. Annualized fee revenue surpassed $1 billion during the same period, underscoring the platform's growing monetization strength. Despite these gains, Binance, By