
1/ Midweek Hyperliquid Report 2026-10-22 Above the $50MM OI floor, eleven of the twelve fastest-turning books on HL are @tradexyz builder markets, led by SPCX at 228% of its $0.14B OI daily, with DRAM at 167%, SNDK at 144% and NVDA at 120% behind it. NEAR is the only native HL name in the top twelve, at 84%. (i) Forced flow (ii) Funding and the algo tape (iii) HIP-3 builder markets
