58 percent Q3 open interest: What it means for the Hyperliquid price

Published on 10/28/2026 at 13:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 fees reached 165.5 million USD. The Hyperliquid price is 77.13 USD as of October 28, 2026, down 1.35 percent.

Fees and token supply

Hyperliquid represented 58.0 percent of on-chain perpetual open interest in the third quarter, according to a report dated October 20, 2026.
Perpetual contract fees reached 165.5 million USD during the third quarter.
The Hyperliquid price stands at 77.13 USD as of October 28, 2026, 1.35 percent below the UTC daily close of October 27, 2026.
A scheduled release of 9.92 million HYPE is listed for November 6, 2026.

Hyperliquid, XCRYPTOHYPE5, Illustration mit AI erstellt.

Hyperliquid (HYPE) represented 58.0 percent of on-chain perpetual open interest in the third quarter, according to a report dated October 20, 2026. The report also put third-quarter perpetual contract fees at 165.5 million USD, while the Hyperliquid price stands at 77.13 USD as of October 28, 2026, down 1.35 percent compared with the UTC daily close of October 27, 2026.

58 percent of open interest in Q3

Alea Research reported on October 20, 2026, that Hyperliquid held 58.0 percent of on-chain perpetual open interest and 38.6 percent of volume in the third quarter. Open interest is the total value of active derivatives contracts. The report said Hyperliquid's open interest ended the quarter at 8.2 billion USD, compared with 4.7 billion USD on June 30, 2026.

The same report said perpetual fees rose 2.9 percent from the second quarter to 165.5 million USD. It assigned 146.7 million USD, or 88.7 percent of those fees, to the Assistance Fund, which buys HYPE. The figures describe activity during the third quarter and do not establish a direct link to the current token price.

November 6 unlock adds a supply date

Tokenomist lists November 6, 2026, as the next Hyperliquid unlock date. The scheduled release is 9.92 million HYPE for core contributors. An unlock is the release of previously restricted tokens under a vesting schedule, and the listed amount represents the scheduled tranche.

TokenPost reported on October 27, 2026, that Hyperliquid repurchased and burned 11,340 HYPE over the prior 24 hours. The report also said cumulative burns had reached 49.63 million HYPE. A burn permanently removes tokens from the address or supply mechanism used for the operation, while the November 6 date marks a separate scheduled supply event.

HYPE trades at 77.13 USD

According to Investing.com, Hyperliquid trades at 77.13 USD as of October 28, 2026. That is 1.35 percent below the UTC daily close of October 27, 2026. The daily high is 78.95 USD and the daily low for the UTC day is 76.20 USD. Market capitalization is 19.56 billion USD, ranking Hyperliquid No. 10, while 24-hour volume is 822.03 million USD. Circulating supply is 253.77 million HYPE.