Delphi Digital said Hyperliquid’s open interest has climbed to a 2026 high, reaching $11.5 billion. Within that total, open interest tied to HIP-3 was close to $4 billion, with the S&P 500 identified as the largest trading market. Among artificial intelligence-related stocks, SK Hynix and Micron Technology ranked among the most actively traded names. The data suggests Hyperliquid’s expansion is no longer confined to the crypto perpetual futures market, but is also being reflected in activity tied to non-crypto markets referenced in the platform’s trading mix.
According to ChainCatcher, Delphi Digital said Hyperliquid’s open interest has risen to a 2026 high of $11.5 billion.
Of that amount, open interest related to HIP-3 was close to $4 billion, with the S&P 500 serving as the largest trading market. Among artificial intelligence-linked stocks, SK Hynix and Micron Technology were among the most actively traded.
The data indicates that Hyperliquid’s growth is no longer limited to the crypto perpetuals market.
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