Hyperliquid Record Trading Activity Meets a Seven-Day HYPE Decline
Hyperliquid’s HIP-3 markets set record open interest and volume, while HYPE remained below its recent price peak amid a risk-off crypto market.
Hyperliquid’s HIP-3 markets set record open interest and volume, while HYPE remained below its recent price peak amid a risk-off crypto market. Hyperliquid (HYPE) is trading at ₹6,757 ($72.00), up 0.3% since this brief published. This is an original Token Times brief based on reporting by TronWeekly, with live market data added, as of Thu, 12 Nov 2026 23:00:01 UTC.
Record derivatives activity shows deeper engagement on Hyperliquid even as the HYPE token and broader crypto market weaken. The divergence puts attention on whether elevated trading activity translates into sustained platform value.
- HIP-3 open interest reached a reported $4.7 billion record
- Daily trading volume rose to a reported $4.9 billion
- HYPE trades at $71.8, down 8.10% over seven days
- Hyperliquid TVL stands at $1.73 billion, down 2.2% weekly
- Hyperliquid Burns $6.75M in HYPE Tokens Amid Surging Trading Volume
- Hyperliquid extends decline beneath its daily trend average
- Hyperliquid outlook: CoinCodex sees HYPE targeting $60.06 in five days
- Solana Sees More Trading Activity While SOL Extends Weekly Decline
- Upbit schedules HYPE trading debut across three pairs
- Hyperliquid Strategies expands HYPE treasury to 38.5 million tokens
- Hyperliquid Record Trading Activity Meets a Seven-Day HYPE Decline — this brief
Hyperliquid’s HIP-3 markets reached record open interest of $4.7 billion, according to TronWeekly. The same report put daily trading volume at $4.9 billion, providing an additional measure of the platform’s trading activity. These figures come from one outlet, with no additional reporting supplied to corroborate them.
The activity came as HYPE traded at $71.8, down 1.79% over 24 hours and 8.10% over seven days. TronWeekly said the token had fallen from $82 to around $70, leaving it below its recent peak despite the platform’s record market activity. HYPE’s reported market capitalization was $17.19 billion.
Verified data from DeFiLlama placed Hyperliquid’s total value locked at $1.73 billion, a 2.2% decline over seven days. That contrast separates trading activity from the value deposited in the platform: HIP-3 open interest and volume reached reported records, while the protocol’s TVL moved lower.
The wider market also remained subdued. Total crypto market capitalization stood at $2.45 trillion, 
Bitcoin was down 4.23% over 24 hours, and the Fear & Greed index registered 28, indicating fear. Crypto King identified $60 as a potential downside level for HYPE and maintained a longer-term target above $120, according to TronWeekly; attention now centers on whether record activity persists as token and market conditions remain under pressure.
Since this brief published about 2 hours ago, Hyperliquid (HYPE) has moved from ₹6,738.55$71.80 to ₹6,757.32$72.00 — +0.28%.
The chart plots HYPE's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 HYPE ≈ ₹7,169.04 (about $72.00), up 0.6% over 24 hours. The rupee itself trades about 6.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 12, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Hyperliquid Record Trading Activity Meets a Seven-Day HYPE D — questions & answers
What records did Hyperliquid’s HIP-3 markets reach?
TronWeekly reported record open interest of $4.7 billion and daily trading volume of $4.9 billion.
How is HYPE performing despite record platform activity?
HYPE was priced at $71.8, down 1.79% over 24 hours and 8.10% over seven days. Its market capitalization was $17.19 billion.
What is Hyperliquid’s current TVL?
DeFiLlama verified Hyperliquid TVL at $1.73 billion, down 2.2% over seven days.
How much is 1 Hyperliquid worth in rupee today?
About ₹7,169.04 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $72.00. The rupee price moves with both HYPE's US-dollar price and the USDT/INR rate; use our Hyperliquid in rupee page for any amount.
Has Hyperliquid's price moved since this brief was published?
HYPE is up 0.28% since this brief first published — trading at ₹6,757 ($72.00) now versus ₹6,739 ($71.80) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.