Hyperliquid’s HYPE Rally Gains Steam With $3 Billion in Futures Open Interest

HYPE futures open interest reached $3 billion after rising 32% in one week, while the token hit a $76.90 all-time high. Funding rates stayed below the neutral 6% threshold, suggesting the rally has not been driven purely by overheated bullish leverage. Hyperliquid’s TradFi perpetuals exceeded $2.9 billion in open interest, but HYPE’s $71.

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