Long Hyperliquid signal by Ayaan Munnim

Hyperliquid’s fundamentals continue to strengthen. Total open interest has surged to $11.07 billion , marking its highest level of 2026 so far. HIP-3 markets now account for roughly $3.69 billion of that figure, while RWA markets have reached new all-time highs, driving increased derivatives activity. Despite these developments, the token price hasn’t fully reacted yet. Higher open interest and trading activity can translate into increased platform revenue, which may lead to larger HYPE buybacks