Hyperliquid Open Interest Hits $11.51 Billion, Highest Since 10/10 Crash

Bitcoin and the broader crypto market is still reeling from the October 10 liquidation cascade last year. The entire sector’s market cap remains roughly 45% down since then. Hyperliquid, on the other hand, has outperformed the entire market with HYPE up around 34% during the same time. Apart from the token’s price performance, Hyperliquid’s total...