Hyperliquid's total open interest reached $11.07B in July 2026, with HIP-3 markets and RWA segment hitting record highs.
DeFi & Yields ·
Hyperliquid's total open interest climbed to approximately $11.07 billion on July 13, marking the platform's highest level in 2026, though it subsequently settled near $10.88 billion. The surge was driven in part by HIP-3 markets, which reached roughly $3.69 billion in open interest, while the real-world assets segment achieved a new all-time high, according to DeFiLlama data.
The expansion reflects sustained demand for both derivative trading and RWA products on the platform. Open interest serves as a measure of aggregate exposure across all open positions, and the record levels suggest increased participation and trading activity across Hyperliquid's markets.
The sustainability of these levels remains to be seen, given the recent pullback from the July 13 peak. Market conditions, regulatory developments, and broader crypto market movements will likely influence whether the platform consolidates near current levels or experiences further volatility.