
1/ Midweek Hyperliquid Report 2026-10-01 @tradexyz builder listings occupy the whole top of Hyperliquid's turnover table, with BRENTOIL churning 116% of its $0.14B OI daily, SILVER 114% on $0.17B and CL 111% on $0.15B; $BTC is the only native book above $50MM of OI keeping pace, at 102% on $2.85B of OI. Those builder books are roughly a twentieth the size, so the churn is cheap to produce. (i) Forced flow (ii) Funding and the algo tape (iii) HIP-3 builder markets
