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Hyperliquid Holdings Reach All-Time High, RWA Market Cap Surpasses $3.6 Billion

BlockBeats News, July 13th, the Hyperliquid platform's RWA market open interest reached $3.6 billion, hitting a new all-time high; the platform's total OI also rose to a new high for 2026, reaching around $11 billion.


DeFiLlama data shows that Hyperliquid's total OI has reached $10.88 billion, with the HIP-3 market contributing approximately $3.69 billion.

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Hyperliquid's open interest and trading volume have continued to hit new highs. However, due to the HIP-3 fee-sharing mechanism, the rise of third-party markets, and a lackluster ecosystem, the platform's retained earnings have been declining steadily. The HYPE buyback pressure, valuation support, and regulatory scrutiny are all under pressure simultaneously.
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