[Wu Blockchain News] Hyperliquid Surpassed Bybit, Kraken and OKX in Open Interest in Q3
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That total surpassed Bybit, Kraken and OKX, lifting Hyperliquid's share of combined open interest across itself and eight major centralized exchanges from 9.6% at June-end to 11.7% at September-end. The milestone marks a notable shift in derivatives liquidity toward a decentralized venue at the expense of established centralized exchanges. Watch whether Hyperliquid can hold its elevated share through the fourth quarter and whether the CEXs respond with fee or product changes.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Hyperliquid (HYPE), OKX, Kraken, Bybit, Hyperliquid Research Collective
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