Hyperliquid Open Interest Hits $11B as HIP-3 Markets Smash $3.69B Record in 2026

Hyperliquid open interest hits $11.07B in 2026 as HIP-3 markets reach $3.69B and RWA open interest sets a record.

Hyperliquid’s total open interest reached about $11.07 billion on July 13, according to DeFiLlama data cited by Wu Blockchain. The figure marked the platform’s highest open interest level of 2026.

The total later eased to around $10.88 billion, but it stayed near the $11 billion zone. This shows that derivatives activity remains elevated across the platform.

HIP-3 markets contributed roughly $3.69 billion to the total, according to the same report. RWA open interest also reached a new all-time high during the move.

MSB Intel reported that RWA open interest on Hyperliquid hit about $3.6 billion. The update placed tokenized asset derivatives back in focus across decentralized markets.

Hyperliquid Open Interest Reaches 2026 High

Wu Blockchain reported that Hyperliquid’s total open interest reached around $11.07 billion on July 13. The data came from DeFiLlama, which tracks decentralized finance market activity. Open interest measures the value of active derivatives contracts that remain unsettled.

Hyperliquid OI Tops $11B as HIP-3 Markets Reach Record $3.69B

Hyperliquid’s total open interest reached approximately $11.07 billion on July 13, its highest level of 2026, before easing to about $10.88 billion, according to DeFiLlama. HIP-3 markets contributed roughly $3.69… pic.twitter.com/rtiStxGJBL

— Wu Blockchain (@WuBlockchain) July 13, 2026

The figure later moved down to about $10.88 billion after reaching the 2026 high. However, the market still remained close to the $11 billion level. This suggests that traders kept large positions active even after the slight pullback.

Open interest does not show whether traders are mostly long or short. It only shows how much capital is committed to active contracts. Therefore, traders often compare it with price action, volume, and liquidation data.

HIP-3 and RWA Markets Expand

HIP-3 markets contributed about $3.69 billion in open interest, according to Wu Blockchain. This made HIP-3 a major part of Hyperliquid’s latest open interest increase. The figure also marked a new record for that market segment.

MSB Intel reported that RWA open interest reached about $3.6 billion. RWA means real-world assets, which are traditional assets represented through blockchain-based systems. These assets can include securities, credit products, commodities, or other financial instruments.

BREAKING: RWA open interest on Hyperliquid hit $3.6B, a new all-time high.

Total open interest across the platform reached $11B, marking the highest level for 2026 as institutional derivatives demand accelerates on tokenized assets. pic.twitter.com/Ygsmgstz1K

— MSB Intel (@MSBIntel) July 13, 2026

The rise in RWA open interest points to growing activity in tokenized asset derivatives. These markets allow traders to gain exposure without using traditional trading venues. Still, the growth also raises the need to watch liquidity, margin, and risk controls.

Read also: Hyperliquid Drives Net Deflation As Daily Buybacks Outpace Rewards Flow

Technical Levels Show Leverage Build-Up

The open interest chart shows a strong recovery from the early 2026 low near $5 billion. Since that period, open interest has formed higher lows and higher highs. This pattern shows that derivatives participation has rebuilt after a major reset.

The current range is approaching the $11 billion to $12 billion resistance zone. A clean move above this area could bring $13 billion to $15 billion into focus. The older peak zone near $15 billion to $16 billion remains another level to watch.

On the downside, the first support range sits near $9 billion to $9.5 billion. A fall below that area could show that traders are reducing leverage. Deeper support remains near $6 billion to $7 billion, where the earlier recovery began.