📊 Hyperliquid Smart Tracking Report (Last 4h) Main direction: 🟢 Long (65% of whales) • Total Long Volume: $11.9M • Avg Long Volume: $131K Top Pairs: 🟢 Long $SKHX • Total Volume: $7.3M (55 whales) • Avg Volume: $132K • Avg Leverage: 4.2x • Avg Entry: $1.3K 🔴 Short $BTC • Total Volume: $2.2M (15 whales) • Avg Volume: $148K • Avg Leverage: 20.0x • Avg Entry: $62.7K 🟢 Long $XYZ100 • Total Volume: $2.2M (16 whales) • Avg Volume: $135K • Avg Leverage: 5.9x • Avg Entry: $29.4K

Hyperliquid Burn UpdateIn the last 24 hours, Hyperliquid generated approximately $1.56M in fees, with 99% automatically used to buy back and permanently burn HYPE on the open market. Total HYPE burned from all sources so far: 47,018,295+This amount now represents roughly 18.58% of the current circulating supply. Burns come from multiple sources: Fee buybacks (main driver — on track for ~$700M/year) HyperEVM gas burns Spot & HIP-3 Ticker Auction burns Priority fees Deflationary pressure continues to build.

Hyperliquid RWA volume keeps setting new highs, with HIP-3 OI now above $3.6B. The interesting part is the source of the yield. Stocks, gold, and FX trading 24/7 on-chain create funding opportunities tied to real market demand. RWA volume is still in growth mode. As incentives fade and fees normalize, the same activity has the potential to drive more value back to hyperliquid:native

Hyperliquid open interest hit a 2026 high today. Peak OI reached $11.07B before settling around $10.88B. The headline isn’t the interesting part. HIP-3 markets now account for $3.69B of that total. That’s roughly one-third of all open interest sitting in permissionless markets rather than Hyperliquid’s core order book. @HyperliquidX isn’t only growing perp volume anymore. It’s becoming the venue where new markets bootstrap liquidity without waiting for a centralized listing or governance approval. RWA open interest reaching a new high inside HIP-3 reinforces that trend. The permissionless layer is no longer dominated by experimental assets. Capital is beginning to concentrate there as new market categories emerge. Total open interest is the headline. HIP-3’s share of that open interest tells you where the platform’s growth is actually coming from.

What is behind $11B Hyperliquid's open interest? The makeup of that number is what I find interesting. Stock perps' weekly volume rose from $0.5B in January to $11B, which means the non-crypto side of the platform is growing. Out of the overall total, a record of $3.6B in open interest is currently sitting in RWA markets alone.

Hyperliquid OI Tops $11B as HIP-3 Markets Reach Record $3.69B Hyperliquid’s total open interest reached approximately $11.07 billion on July 13, its highest level of 2026, before easing to about $10.88 billion, according to DeFiLlama. HIP-3 markets contributed roughly $3.69 billion, with RWA open interest hitting a new all-time high.

Buying at hyperliquid:native offers a high profit-to-loss ratio—the Sci-Tech Innovation 50 has arrived, iykyk