HYPE Soars Over 60% in a Week Amidst Rising Open Interest

HYPE experiences a remarkable surge of over 60% weekly, driven by increased trading activity on Hyperliquid’s HIP-3 DEXs, reaching an open interest of $925 million.

The cryptocurrency HYPE has witnessed an impressive surge of more than 60% in just one week, buoyed by a significant uptick in silver and commodity trading on Hyperliquid's HIP-3 decentralized exchanges (DEXs).

This substantial increase in price reflects the growing interest and trading volume on these platforms, which have now surpassed an open interest of $925 million. The rise in trading activity has undoubtedly contributed to the bullish momentum surrounding HYPE.