Hyperliquid OI hits $14.3B after HYPE token record

Hyperliquid open interest has climbed back up to $14.3 billion as the native HYPE token recently hit a new all time high. This strong recovery shows traders are returning to the platform with high confidence after a turbulent period.

Just a few months ago on October 10, 2025, the platform saw a massive drop. Open interest fell by about 56 percent in a single day, crashing from $14.7 billion down to just $6.5 billion. Traders faced heavy liquidations and widespread panic during that sudden market flush.

Now, the rapid return of capital highlights strong renewed interest in the protocol. Market watchers will keep a close eye on funding rates and trading volume to see if this momentum can hold steady through the upcoming weeks.