Open Interest (OI) is a vital metric in derivatives markets, representing the entire variety of excellent contracts that have not been settled. For perpetual swaps, the entire open interest is the sum of all open lengthy and short positions. High open curiosity is mostly indicative of higher liquidity and organic buying and selling activity, as it can’t be simply manipulated by way of frequent turnovers, unlike buying and selling quantity. Hyperliquid’s HYPE token has rapidly established itself as a cornerstone…

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