Hyperliquid open interest reaches $5.6 billion with Hyperbridge launch

LayerZero (CRYPTO:ZRO) has launched Hyperbridge, an interoperability solution connecting external blockchain assets to Hyperliquid’s (CRYPTO:HYPE) decentralised trading platform, coinciding with Hyperliquid’s open interest reaching a record $5.6 billion.

Hyperliquid, a high-speed perpetual futures exchange, operates on HyperEVM, a custom layer one blockchain optimised for derivatives trading.

The platform can process up to 100,000 orders per second with zero gas fees and features an on-chain order book, combining centralised exchange efficiency with decentralised, non-custodial security.

LayerZero’s protocol enables cross-chain communication through Ultra Light Nodes and decentralised oracles, supporting over 50 blockchains.

Hyperbridge leverages this infrastructure to allow users to bridge assets like USDT0 (CRYPTO:USDT0), USDe, and Plume (CRYPTO:PLUME) from any LayerZero-supported chain into Hyperliquid with a single click.

The integration simplifies token deployments for developers using LayerZero’s OFT standard, enabling projects to access Hyperliquid’s liquidity without technical hurdles.

Asset issuers can list tokens on Hyperbridge through a one-click interface, expanding access to Hyperliquid’s ecosystem, which has recorded over $1 trillion in historical trading volume.

The launch of Hyperbridge reflects the growing importance of interoperability in decentralised finance (DeFi) as platforms seek to combine speed, liquidity, and transparency.

Hyperliquid’s self-funded team stated the launch aligns with its mission to merge centralised exchange speed with DeFi’s transparency.

Hyperbridge is now live at hyperbridge.xyz, initially supporting assets including COOK, USR, and RLP.

Developers and issuers are invited to apply to list new tokens, further bridging Hyperliquid’s ecosystem with the wider crypto market.

At the time of reporting, the Hyperliquid (HYPE) price was $24.73.