Hyperliquid derivatives activity reaches record as HYPE trades near $74
Hyperliquid reported record open interest and trading participation as HYPE gained 4.49% over 24 hours.
Hyperliquid reported record open interest and trading participation as HYPE gained 4.49% over 24 hours. Hyperliquid (HYPE) is trading at $71.63, down 3.2% since this brief published. This is an original TLT brief based on reporting by CoinJournal, with live market data added, as of Sat, 14 Nov 2026 00:00:05 UTC.
The figures show heightened activity in Hyperliquid’s derivatives market, while the token’s weekly decline and falling protocol TVL provide context for how that activity coexists with weaker on-chain fundamentals.
- CoinJournal reported record Hyperliquid open interest of about $18.2 billion.
- Matched volume reached $730.6 billion, while daily traders rose 20%.
- HYPE traded at $74, up 4.49% over 24 hours but down 5.56% over seven days.
- DeFiLlama showed $1.77 billion in TVL, down 2.1% over seven days.
- Hyperliquid outlook extends into 2026 as HYPE faces a weekly pullback
- Hyperliquid Priority Fees Set $1.2 Million Weekly Record
- Hyperliquid Burns 28,520 HYPE as Token Tests $70 Support
- Hyperliquid HIP-3 Derivatives Activity Sets $4.7 Billion Record
- Hyperliquid derivatives activity reaches record as HYPE trades near $74 — this brief
- Hyperliquid Holds Above $68-$70 Support as HYPE Tests Its Key Range
- Hyperliquid Fees Reach $4.1M as HYPE Remains Under Pressure
CoinJournal reported that 
Hyperliquid’s open interest reached a record during September, putting the figure at $18.2 billion in its summary, although the supplied headline cited $18.1 billion. The platform also recorded $730.6 billion in matched trading volume and averaged 65,161 daily traders, a 20% increase that CoinJournal described as a record. Its coverage additionally said Hyperliquid strengthened its position in the cryptocurrency derivatives market during the third quarter.
The open-interest discrepancy appears within the same CoinJournal material, with the headline giving $18.1 billion and the summary giving $18.2 billion. No other outlet was supplied to independently confirm the records, so the trading-volume and participation figures remain attributable to CoinJournal rather than corroborated across publishers.
Live HYPE data showed the token at $74, up 4.49% over 24 hours but down 5.56% over the preceding seven days. CoinJournal’s report listed HYPE around $72.19 and identified resistance near $75.12 and $75.69. DeFiLlama separately reported Hyperliquid TVL of $1.77 billion, down 2.1% over seven days.
The broader market backdrop was weak: total crypto market capitalization stood at $2.4 trillion, 
Bitcoin fell 4.91% over 24 hours, and the Fear & Greed Index registered 20, categorized as Extreme Fear. Against that backdrop, HYPE’s shorter-term gain contrasts with its weekly loss and the decline in Hyperliquid TVL. The key variables to watch are whether record derivatives participation persists and whether HYPE can move through the cited resistance levels while protocol TVL stabilizes.
Since this brief published about 15 hours ago, Hyperliquid (HYPE) has moved from $74.00 to $71.63 — -3.20%, a notable move.
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 TLT'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 ≈ ₦100,908.76 (about $71.63), down 1.5% over 24 hours. The naira itself trades about 4.3% above the official rate on the P2P market, so a Nigerian 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 13, 2026.
TLT 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 derivatives activity reaches record as HYPE trad — questions & answers
What open-interest figure did CoinJournal report?
Its summary reported record open interest of $18.2 billion for September, while the supplied headline cited $18.1 billion. No second outlet was provided for corroboration.
How many traders used Hyperliquid on average?
CoinJournal reported average daily traders of 65,161, up 20% and described as a record.
How are HYPE and Hyperliquid TVL performing?
HYPE traded at $74, up 4.49% over 24 hours but down 5.56% over seven days. DeFiLlama showed TVL of $1.77 billion, down 2.1% over seven days.
How much is 1 Hyperliquid worth in naira today?
About ₦100,908.76 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $71.63. The naira price moves with both HYPE's US-dollar price and the USDT/NGN rate; use our Hyperliquid in naira page for any amount.
Has Hyperliquid's price moved since this brief was published?
HYPE is down 3.20% since this brief first published — trading at $71.63 now versus $74.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CoinJournal. 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 TLT 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.