Hyperliquid is pursuing a compliant path to offer perpetual contracts to US users as CFTC approvals reshape the crypto derivatives landscape.

Hyperliquid hits 263,419 active perpetual traders and captures 69% of on-chain perp activity, with open interest ranging from $8.97B to $10.55B.

Hyperliquid captures 44% of on-chain perpetual volume with $10B open interest. Price at $100 by December 31, 2026, at 13% YES.