ETH open interest on decentralized perpetuals exchange Hyperliquid has climbed to about $3.02 billion, moving ahead of BTC at roughly $2.8 billion, according to ChainCatcher. The update points to a shift in contract positioning on the platform, where ETH and BTC have repeatedly traded the lead in this metric since 2026. Hyperliquid’s total open interest now stands at about $18 billion, a record for the exchange. That figure represents roughly 8.7% to 10.9% of global perpetual futures open interest. The latest snapshot shows ETH holding a narrow lead over BTC on Hyperliquid, while the broader platform continues to post record derivatives activity.
ETH open interest on decentralized perpetuals exchange Hyperliquid has reached about $3.02 billion, surpassing BTC at roughly $2.8 billion, according to ChainCatcher.
Hyperliquid’s total open interest stands at about $18 billion, setting a platform record and accounting for roughly 8.7% to 10.9% of global perpetual futures open interest.
Since 2026, ETH and BTC have switched places multiple times on this metric.
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