Hyperliquid Platform Sees Significant Increase in TVL

Hyperliquid's total value locked (TVL) has experienced a notable recovery, increasing by 7.8% week-on-week. According to BlockBeats On-chain Detection, as of 8 a.m. UTC+8, the TVL reached $5.529 billion, briefly surpassing $5.53 billion, marking a new high since the 'October 11 crash.' Simultaneously, the platform's open interest climbed to $9.647 billion, the highest level since February this year. The trading volume over the past 24 hours reached $7 billion, with approximately 28.1% originating from the traditional market within the HIP-3 ecosystem. During the 'October 11 crash,' Hyperliquid's TVL fell 12.49% from a peak of $5.98 billion, while open interest plummeted 57.74% from $14.69 billion.