Delphi Digital, a leading cryptocurrency research firm, shared through its official Twitter account that open interest in HIP-3—a trading product on the Hyperliquid decentralized exchange—has surged to a new all-time high of $3.2 billion in June. This milestone reflects growing trader engagement and confidence, with trading volumes poised for the strongest month since HIP-3 launched. Notably, around one-third of the open interest is attributed to the AI and semiconductor sectors, signaling a diversification of interest beyond traditional crypto speculation and potentially reshaping Hyperliquid’s user base.
In a separate development, analytical entity TheFlowHorse provided crucial trading insights regarding a major IPO expected to open. According to its tweet, there is no borrowing available on the first day of trading. Consequently, any downward price movement will be driven primarily by long liquidations rather than short-selling pressure. With current trading volume and price both at $0, the initial session is likely to be marked by heightened volatility as market participants adjust to the absence of short-side liquidity. Traders are advised to watch for sharp moves once activity begins.
