Hyperliquid has achieved its highest open interest since the 10.11 crash, reaching approximately $9.66 billion, according to DefiLlama data. This surge is attributed to increased trading activity in the on-chain U.S. stock sector and a significant rise in HYPE. TradeXYZ, part of the HIP-3 ecosystem, has also seen robust trading activity, surpassing other perpetual decentralized exchanges (DEXs) in open interest.
As of May 29, Hyperliquid leads the perpetual DEX market with a 24-hour trading volume of approximately $7.47 billion. TradeXYZ follows with a trading volume of $2.08 billion and an open interest of $2.73 billion. Other notable DEXs include ApeX with a $1.78 billion trading volume, EdgeX at $1.75 billion, and Lighter at $1.66 billion. Pacifica rounds out the list with a trading volume of $438 million.
Hyperliquid Hits Record Open Interest Post-10.11 Crash, TradeXYZ Leads Perp DEXs
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