Hyperliquid Open Interest Soars Past $4.9 Billion as Crypto Market Turns Bullish

Crypto markets are seeing a surge in activity, and Hyperliquid, a decentralized exchange (DEX) known for its perpetual futures trading platform, is riding the wave. The platform has reached an all-time high in open interest of over $4.9 billion. This milestone signifies the growing popularity of decentralized finance (DeFi) in the crypto industry as more traders seek out liquidity and low fees. 💰 Hyperliquid’s unique features have fueled this growth, including zero gas fees on its Layer 1 blockchain, leading to increased trading activity.