Know where Hyperliquid is heading.

HL Fundamentals tracks the growth, market share, liquidity, ecosystem expansion, and structural momentum of Hyperliquid as an onchain financial infrastructure.

Updated Jul 15, 2026, 04:16 PM UTC
Total open interest
Open interest is the notional value of open perpetual positions that have not been closed. Total open interest here is the USD aggregate across tracked Hyperliquid markets, useful for reading capital commitment, liquidity depth, and market participation.

$7.67B

Trading Activity

Volume shows whether open positions are turning into active trading demand, liquidity, and fee potential.

24h Volume
Rolling 24 hour notional perp volume from Hyperliquid's official market context API, summed across tracked markets.

$4.05B

Volume / OI
24h perp volume divided by total open interest. It measures how much trading activity is generated per dollar of open position inventory.

0.55x

Total open interest history

24h volume history

Volume / OI history

Top markets by open interest

Current market contribution from the latest collected OI snapshot.

RankMarketCurrent OIOI share
1BTC$2.37B
30.9%
2ETH$1.76B
23%
3HYPE$1.53B
20%
4SOL$370.39M
4.8%
5ZEC$294.37M
3.8%
6LIT$116.64M
1.5%
7XRP$102.87M
1.3%
8NEAR$92.98M
1.2%
9AAVE$85.81M
1.1%
10XMR$52.36M
0.7%
11PUMP$49.81M
0.6%
12LINK$43.44M
0.6%
13WLD$42.09M
0.5%
14XPL$37.41M
0.5%
15MON$29.07M
0.4%
16SUI$28.82M
0.4%
17DOGE$28.43M
0.4%
18FARTCOIN$25.46M
0.3%
19ZRO$25.35M
0.3%
20BNB$23.65M
0.3%

Fundamental Reports

Timely research based on live Hyperliquid metrics, stored dashboard data, and market context.

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Report / Jun 7, 2026

Hyperliquid OI and Volume/OI Report: Turnover Cools

Hyperliquid OI holds near $5.84B while 24h volume and Volume/OI fall. A data-backed report using official API and HL Fundamentals metrics.

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Fundamentals Library

Evergreen explainers for understanding Hyperliquid as onchain financial infrastructure.

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Library / Jun 2, 2026

What Total Open Interest Really Tells Us About Hyperliquid's Fundamentals

A practical guide to reading Hyperliquid Total Open Interest as a signal for liquidity, trust, market participation, and structural risk.

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