CryptoMediumUpdated•Originally published 14 November 2026•Updated 14 November 2026•
1 min read
Hyperliquid Surpasses Bybit and Kraken in Q3 Open Interest
Key Facts
1Hyperliquid surpassed Bybit, Kraken, and OKX in terms of open interest during the third quarter of 2026.
Hyperliquid ended the third quarter of 2026 with $16.8 billion in open interest. Crypto Briefing reported that the platform surpassed Bybit, Kraken, and OKX in terms of open interest levels during this period.
The surge to $16.8 billion suggests increased market confidence and engagement with the platform's perpetual futures offerings. This shift signals changing market dynamics and a growing preference for decentralized derivatives platforms over traditional centralized exchanges.