Hyperliquid set a new record with more than $4.13 billion in open interest across its tokenized real-world asset markets, while daily trading volume surged 229% to $4.87 billion, reflecting growing demand for blockchain-based exposure to traditional financial assets.
Nine sessions were negative and three were flat, while cumulative reported flows remained positive at about $283 million.
Hyperliquid has recorded a new milestone, with open interest in traditional asset markets (HIP-3) surpassing $4.13 billion for the first time, according to Hyperscreener ASXN. Meanwhile, daily trading volume saw an extraordinary jump, soaring 229% to $4.87 billion and fully exceeding the amount of capital held on the platform.
HYPE price rose to $55.60 after defending the $51 support zone, with stronger capital inflows and a descending-channel breakout supporting the recovery. HYPE price rebounds from $51 support According to data from crypto.news, HYPE price traded around $55.
Hyperliquid's dominance in DEX volume highlights its market influence, yet mixed market sentiment suggests other factors temper optimism. Hyperliquid's july perpetual volume hits $218B, exceeding the other seven leading DEXs combined.
HYPE's performance now hinges on the protocol's next moves.
Hyperliquid strengthens its derivatives leadership as rising trading activity boosts protocol revenue and long-term value capture.
Hyperliquid's TWAP upgrade challenges centralized exchanges by enhancing decentralized trading tools, potentially shifting market dynamics. Hyperliquid enhances TWAP orders with trigger prices, dynamic intervals, and week-long durations.
The liquidation heatmap and the 2-month range's breakdown underlined HYPE's precarious position.
The Hyperliquid (HYPE) price traded at $52.06 at press time, down nearly 1%, while daily trading volume remained subdued at around 26.97K HYPE. Despite maintaining a multi-billion-dollar market capitalisation, the token has extended its recent correction after failing to hold above a key support zone near $54, shifting market sentiment toward sellers.
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HIP-3 volume market share rose to 65%, further elevating TradeXYZ's dominance risk.