Perpetual Futures

Hyperliquid

2026-10-04 04:59:55

Hyperliquid’s share of perpetual futures open interest rises to 11.8%, a record high

Hyperliquid now accounts for 11.8% of the global perpetual futures market by open interest, according to hypeflows data cited by BlockBeats on Oct. 4. The calculation covers all centralized trading platforms, including Binance, Bybit and OKX. The latest reading marks a new all-time high for Hyperliquid’s share under this metric. The update focuses specifically on market share measured by open interest in perpetual contracts, rather than trading volume or other indicators. No additional figures were disclosed in the brief.

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Hyperliquid

2026-10-04 03:43:01

Hyperliquid books first $14.58 million in USDC reserve revenue under AQAv2

Hyperliquid has recorded its first payment tied to USDC reserves under its AQAv2 mechanism, according to a post by Hyperdash co-founder Hans. On Oct. 3, the AQAv2 treasury wallet received $14.58 million for the platform’s USDC reserves held over the previous 30 days, with the proceeds set to flow into the assistance fund for HYPE purchases. Hans said the structure creates a new revenue stream beyond trading fees, allowing the platform to earn from margin deposits themselves whether or not the funds are actively used in trading. Under the setup, users bridge USDC to Hyperliquid, Circle mints the corresponding asset on HyperEVM, and the treasury balance is charged daily and settled every 30 days. Coinbase and Circle have each staked 500,000 HYPE, while a missed payment could cost Coinbase 2% of its staked amount per day. The first payment covered Aug. 26 to Sept. 24, implying an average rate of about 3.14% and annualized revenue of roughly $193 million at the current scale. Hans also said Hyperliquid’s open interest rose from $7.72 billion to $16.4 billion between Jan. 1 and Sept. 30, while platform margin increased from $4.34 billion to $7.22 billion.

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OKX

2026-10-03 06:37:30

OKX releases 47th proof of reserves report and adds 12 perpetual pairs

OKX shared a weekly update covering several platform developments. The exchange said it has released its 47th Proof of Reserves, or PoR, report, adding another disclosure to its regular reserve reporting cycle. It also listed 12 new perpetual futures trading pairs, including XDP, as part of the latest product rollout. Separately, OKX said its integration with BitGo has been expanded to the Singapore market. The company also signaled that it will officially launch operations in Singapore soon. The update was reported by Techub News.

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Binance

2026-10-03 02:00:57

Binance ETH perpetual book shows $8.35 million bid at $2,668.52

Order-book data tracked by Liquid24/7.xyz showed a notable bid on Binance’s ETH perpetual market at $2,668.52. The order totaled about 3,130.4 ETH, with a notional value of roughly $8.3535 million. At the time of observation, that level sat about 0.37% below the mid-price of $2,678.55. The same snapshot showed near-touch bids on the venue totaling about $63.3152 million, compared with roughly $53.4035 million on the ask side. That left bids ahead by about $9.9116 million, equal to 8.49% of total depth. Based on that reading, Liquid24/7.xyz identified the $2,668.52 layer as a notable nearby support level in Binance ETH perpetual trading.

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Velocity

2026-10-02 20:14:00

Velocity opens claims for April hack compensation, with current recovery at about 1% of losses

Velocity, the Solana-based perpetual futures exchange formerly known as Drift, has opened compensation claims tied to its April exploit. Under the current arrangement, users receive 1 DFX token for every 1 USDT lost. At the present payout rate, each DFX is worth about 0.0104 USDT, putting recovery at roughly 1% of user losses. The compensation pool currently stands at about 3.11 million USDT, while DFX has a total supply of roughly 299.5 million tokens and will not be inflated further. The Drift Foundation said the pool will continue to be funded through protocol revenue. It also said Tether has committed up to 127.5 million USDT to support the platform restart and user compensation. Claims will remain open until Jan. 1, 2028. Drift was previously hit by an attack in April, with losses of about $295.4 million, according to Odaily.

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Bitcoin

2026-10-02 14:06:58

Hyperliquid whale’s 40x BTC long shows about $24.3 million in unrealized profit

TradingBeats data showed that a Hyperliquid whale address, 0x15a4, tagged by the platform as having the "largest BTC long profit," was holding a 1,000 BTC long position as of Oct. 2. The position was opened on 40x cross margin, with an average entry price of about $62,400. Unrealized profit stood at roughly $24.3 million, while the position’s return was about 1,560%. At the same time, the mark price for the BTC perpetual contract on Hyperliquid was reported at $86,600, up about 3.8% over the past 24 hours. The figures were cited by BlockBeats, which referenced TradingBeats monitoring data. No additional details were provided in the source about when the position was first opened or whether the whale had adjusted the trade during the latest move.

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Cboe

2026-10-02 13:47:16

Cboe Eyes Perpetual VIX Futures as Wall Street Borrows a Core Crypto Trading Structure

Cboe is planning a perpetual futures contract tied to the VIX, according to a Bloomberg report published on Oct. 1, in a move that would bring a crypto-style derivatives structure into one of Wall Street’s best-known volatility benchmarks. The proposal remains in an early planning stage, and contract specifications have not yet been filed. The key selling point is simple: no expiry and no monthly roll. Traditional VIX futures force traders to roll positions forward as contracts expire, a process that can eat into returns over time. A perpetual design aims to remove that friction, much like crypto perpetual futures did for digital asset markets. The article notes that Bitcoin futures ETFs faced similar roll-cost issues when they launched in late 2021. Market participants say the idea could widen access to volatility trading and tighten pricing across VIX-linked products if it attracts more liquidity and cross-market hedging activity. Still, analysts are not treating it as a free lunch. Marex Solutions said funding payments would still exist, while hedging a mathematically derived index such as VIX raises structural questions that do not apply in the same way to assets with a tradeable spot market. The plan, if completed, would mark another point of convergence between traditional finance and crypto market design.

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Delphi Digita

2026-10-02 12:42:27

Delphi Digital says tokenized stocks have a clearer edge for long-term holders, with DeFi support seen as the key

Delphi Digital said in a post on X that perpetual futures continue to draw traders because of their leverage advantage, with more than $39 billion in settlements on a single venue over the past 30 days. That figure is roughly four times the $9.7 billion in tokenized stock trading recorded across all decentralized exchanges, according to the firm. The research group argued that tokenized equities look stronger for long-term holders because they carry no holding cost and pay dividends directly. It added that the utility of tokenized stocks would increase sharply if they could generate yield inside decentralized finance applications, including lending, liquidity provision and options vaults. Delphi Digital also said only about 6% of the roughly $3 billion in tokenized stocks is currently deployed in DeFi. A key constraint is shallow market depth for many tokens, which makes it difficult to liquidate collateral quickly when loan defaults occur. In its view, short-term traders are likely to stick with perpetuals, while broader DeFi support could make tokenized stocks more appealing to long-term investors.

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