Hyperliquid open interest surges above $8B, hits all-time high

Hyperliquid's open interest surged above $8 billion, hitting an all-time high. This growth highlights the shift toward decentralized finance, challenging traditional derivatives markets and expanding on-chain trading. The milestone reflects increasing trader adoption of Hyperliquid's perpetual futures platform, which offers on-chain trading without intermediaries, as decentralized venues gain traction against centralized exchanges.