Hyperliquid open interest hits record $8.8B as revenue triples
- —Open interest on Hyperliquid hit a record $8.8 billion
- —Average daily revenue rose from $1.5M to $3M quarter-over-quarter
- —Weekly buyback allocations grew from $5M to $20M in August
- —HYPE gained 88% in two months, peaking at $96
Why it matters: Higher revenue directly funds HYPE buybacks, but institutions are hedging against a pullback to $85–88 ahead of the $100 level.
Source: AMBCrypto