PANews reported on May 23 that according to The Block, the open interest (OI) of the decentralized derivatives exchange Hyperliquid exceeded $9.2 billion, a record high, and the price of its native token HYPE rose to $36.84, a 24-hour increase of 19%. Bitcoin OI on Hyperliquid accounted for the highest proportion, reaching $4.2 billion; Ethereum and HYPE contract OI ranked second and third with $1.3 billion and $748 million respectively. In addition, according to DefiLlama data, Hyperliquid's daily trading volume reached $11.5 billion, with a daily income of $3.4 million.

Earlier news, HyperliquidLabs submitted a letter of opinion to the CFTC, supporting the compliant development of DeFi in the United States.