Hyperliquid HIP-3 Derivatives Activity Sets $4.7 Billion Record
HIP-3 open interest reached a reported $4.7 billion as HYPE traded at $72.08, although its seven-day performance remained negative.
HIP-3 open interest reached a reported $4.7 billion as HYPE traded at $72.08, although its seven-day performance remained negative. Hyperliquid (HYPE) is trading at $72.25, up 0.2% since this brief published. This is an original TLT brief based on reporting by TronWeekly, with live market data added, as of Thu, 12 Nov 2026 23:30:06 UTC.
The record open interest indicates substantial capital committed to Hyperliquid’s HIP-3 markets, while TVL provides a separate measure of assets deposited across the platform. The divergence between stronger derivatives activity and weak weekly momentum shows that market participation is rising without eliminating near-term price pressure.
- HIP-3 open interest reportedly reached a record $4.7 billion
- Daily trading volume reached $4.9 billion
- HYPE traded at $72.08, up 0.54% over 24 hours
- Hyperliquid TVL stood at $1.73 billion
- Hyperliquid Priority Fees Set $1.2 Million Weekly Record
- Hyperliquid HIP-3 Derivatives Activity Sets $4.7 Billion Record — this brief
Hyperliquid’s HIP-3 markets reached record open interest of $4.7 billion, according to TronWeekly. The platform also recorded $4.9 billion in daily trading volume, indicating that HIP-3 activity was substantial alongside broader Hyperliquid usage. No other outlet supplied coverage of the figures, so the record and volume estimates remain attributable to TronWeekly alone.
The report said open interest and trading volume highlight increasing platform activity, but the figures do not describe the direction of positions or whether participants were predominantly long or short. Verified on-chain data from DeFiLlama showed Hyperliquid’s total value locked at $1.73 billion, down 2.2% over seven days.
HYPE was priced at $72.08 during the live market snapshot, gaining 0.54% over 24 hours but remaining down 7.22% over seven days. TronWeekly noted that the token had fallen from $82 to around $70 before the latest positive daily move. Its reported $17.26 billion market capitalization placed it within a broadly weak crypto market.
The broader market capitalization stood at $2.46 trillion, with the overall market trending lower and 
Bitcoin down 3.41% over 24 hours. The Fear and Greed Index registered 28, classifying sentiment as fear. For Hyperliquid, the key distinction is between record derivatives positioning, solid daily turnover and a $1.73 billion TVL figure, while HYPE’s weekly decline and declining TVL show that capital and token performance had not moved in tandem with reported market activity.
Since this brief published about 3 hours ago, Hyperliquid (HYPE) has moved from $72.08 to $72.25 — +0.24%.
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 ≈ ₦101,618.18 (about $72.25), up 1.4% over 24 hours. The naira itself trades about 4.2% 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 12, 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 HIP-3 Derivatives Activity Sets $4.7 Billion Rec — questions & answers
What open interest did Hyperliquid HIP-3 reach?
TronWeekly reported that HIP-3 open interest reached a record $4.7 billion. The figure was not independently corroborated by another outlet in the supplied coverage.
How much daily trading volume did Hyperliquid record?
TronWeekly put Hyperliquid’s daily trading volume at $4.9 billion alongside the HIP-3 open-interest record.
What is Hyperliquid’s current TVL and HYPE price?
DeFiLlama showed $1.73 billion in Hyperliquid TVL, while HYPE traded at $72.08, up 0.54% over 24 hours but down 7.22% over seven days.
How much is 1 Hyperliquid worth in naira today?
About ₦101,618.18 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $72.25. 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 up 0.24% since this brief first published — trading at $72.25 now versus $72.08 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 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 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.