Hyperliquid fees hit 30-day high as perpetuals volume doubles
- —Perpetuals volume on Hyperliquid hit $17.44 billion on Oct. 29
- —Daily liquidations totaled roughly $252 million
- —Protocol fees reached their highest level in 30 days
- —Open interest on the platform declined
Why it matters: Rising fees alongside falling open interest point to a burst of trading activity and deleveraging after liquidations.
Source: The Defiant