Hyperliquid’s Derivatives Open Interest Tops Major Exchange Peers
TronWeekly reports that Hyperliquid’s open interest climbed to $16.8 billion during Q3 2026, exceeding figures attributed to Bybit, Kraken and OKX.
TronWeekly reports that Hyperliquid’s open interest climbed to $16.8 billion during Q3 2026, exceeding figures attributed to Bybit, Kraken and OKX. Hyperliquid (HYPE) is trading at ₹6,225 ($66.04), down 0.1% since this brief published. This is an original Token Times brief based on reporting by TronWeekly, with live market data added, as of Sun, 15 Nov 2026 03:45:01 UTC.
The reported gain indicates that Hyperliquid expanded its position in derivatives trading, putting its market share and liquidity relative to major centralized exchanges under greater scrutiny.
- TronWeekly puts Hyperliquid Q3 open interest at $16.8 billion
- Reported open interest exceeded levels attributed to Bybit, Kraken and OKX
- Verified Hyperliquid TVL stands at $1.64 billion
- HYPE fell 8.88% over 24 hours amid extreme market fear
- Hyperliquid Eyes US Expansion Amid Growing Institutional Interest
- Hyperliquid’s Derivatives Open Interest Tops Major Exchange Peers — this brief
TronWeekly reported that 
Hyperliquid’s open interest rose sharply during Q3 2026 to $16.8 billion. The figure represented a substantial increase for the decentralized derivatives platform and placed its open-interest total above the levels attributed to centralized exchanges Bybit, Kraken and OKX.
This development comes from a single outlet, so the $16.8 billion figure and the comparison with those three exchanges have not been corroborated in the supplied reporting. The report nevertheless describes Hyperliquid’s share of the derivatives market as continuing to grow, indicating that its expansion was sustained through the quarter rather than attributed to a single reported period.
Separate, live on-chain data from DeFiLlama show Hyperliquid TVL at $1.64 billion, down 9.3% over seven days. Open interest and TVL measure different parts of the platform’s activity: the former reflects outstanding derivatives positions, while the latter reflects assets deposited across its DeFi ecosystem.
The wider market backdrop was weak when the figures were compiled. Total crypto market capitalization stood at $2.29 billion as provided, with the overall market broadly lower, 
Bitcoin down 4.20% over 24 hours, and the Fear & Greed index at 13, labeled Extreme Fear. HYPE itself traded at $66.11, declining 8.88% over 24 hours and 14.80% over seven days, alongside a $15.72 billion market capitalization.
Taken together, the supplied data show a platform whose reported derivatives footprint expanded even as its token price and verified TVL declined over the latest measured periods. The next points to monitor are whether the reported open-interest lead persists, whether derivatives-market share continues growing, and whether TVL stabilizes as broader market conditions remain unfavorable.
Since this brief published about 13 hours ago, Hyperliquid (HYPE) has moved from ₹6,231.67$66.11 to ₹6,225.07$66.04 — -0.11%.
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 ≈ ₹6,913.4 (about $66.04), down 2.9% over 24 hours. The rupee itself trades about 11.1% 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 14, 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’s Derivatives Open Interest Tops Major Exchange — questions & answers
What open-interest figure did TronWeekly report for Hyperliquid?
TronWeekly reported $16.8 billion in Hyperliquid open interest during Q3 2026.
Which exchanges did Hyperliquid reportedly overtake?
The report said Hyperliquid’s open interest surpassed levels attributed to Bybit, Kraken and OKX.
How did HYPE perform amid the reported growth?
HYPE traded at $66.11, down 8.88% over 24 hours and 14.80% over seven days.
How much is 1 Hyperliquid worth in rupee today?
About ₹6,913.4 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $66.04. 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 down 0.11% since this brief first published — trading at ₹6,225 ($66.04) now versus ₹6,232 ($66.11) 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.