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Hyperliquid Held 53% of Perpetual DEX Open Interest in Q3 2026

Hyperliquid’s open interest reached about $13 billion, while Lighter, Variational and Aster also recorded gains.

Updated 1 min read
An anonymous trader checks a derivatives interface on a phone in a Seoul cryptocurrency office. / TokenPost.ai (mono)
An anonymous trader checks a derivatives interface on a phone in a Seoul cryptocurrency office. / TokenPost.ai (mono)

In Q3 2026, Hyperliquid’s open interest stood at about $13 billion. That put the platform at roughly 53% of open interest across perpetual decentralized exchanges, with its figure more than twice its earlier level.

Lighter recorded the largest percentage increase among three other named venues, at 107%. Variational’s open interest rose 78%, while Aster’s increased 66%.

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