Open interest tracks the total number of active futures and perpetual contracts, often rising when market sentiment strengthens.
These responses addressed the agency’s open calls for feedback on perpetual derivatives and 24/7 crypto trading.
In the letters, the company outlined how its decentralized infrastructure supports transparency, self-custody, and composability, which are core benefits of on-chain perpetual contracts.
Hyperliquid also stressed that its platform offers continuous liquidity, real-time collateral management with pre-funded accounts, automated liquidations, and round-the-clock trading.
It also highlighted features like decentralized infrastructure and immutable audit trails, strengthening resilience and compliance readiness.
The company concluded:
“We believe that Hyperliquid exemplifies how core defi principles can be put into practice to enhance market efficiency, market integrity, and user protection. Supporting DeFi in the US with open dialogue and a clear regulatory framework is an opportunity to ensure the US remains a leader in financial innovation while robustly protecting users.”
These regulatory engagements and advancements on the decentralized trading platforms aided HYPE’s climb to a new all-time high.
According to CryptoSlate’s data, the token joined the broader market rally, jumping over 12% in the last 24 hours to a new high of over $37. The digital asset has risen by over 95% in the previous 30 days.
However, not all traders have benefited from this run.
