超流動性是在其專有第1層區塊鏈上建立的分散的永久交換，已成為正在進行的加密衍生物繁榮的焦點。

Hyperliquid Labs最近向美國商品期貨交易委員會（CFTC）提交了兩封正式評論信，該信件探討了該機構對永久衍生產品的公開意見和24/7加密貨幣交易的要求。

The decentralized perpetuals exchange Hyperliquid has become a focal point in the ongoing crypto derivatives boom, seeing record open interest and trading volumes on its platform.

分散的永久交換超流動性已成為正在進行的加密衍生品繁榮的焦點，看到了紀錄的開放興趣和其平台上的交易量。

Hyperliquid sees record open interest

超流動看到記錄的開放興趣

The exchange recently hit a new record in open interest (OI) with over $9.4 billion in active positions on Tuesday, May 23. This represents a 53% increase from its earlier peak this month.

該交易所最近在5月23日星期二的Open Interion（OI）中創下了新的紀錄（OI）。這比本月早些時候的高峰增長了53％。

The surge coincided with Bitcoin's rally to a new all-time high above the $111,000 price level, driving up demand for crypto derivatives.

這次激增與比特幣的集會相吻合，高於111,000美元的價格水平的新歷史最高水平，推動了對加密衍生品的需求。

According to data from CoinGlass, Hyperliquid's Bitcoin contracts alone contributed over $4.2 billion, more than 40% of the platform's total OI. Ether contracts followed with $1.3 billion, while the native HYPE token placed third with around $748 million in active positions.

根據Coinglass的數據，Hyproliquid的比特幣合同僅貢獻了超過42億美元，佔該平台總OI的40％以上。以太合同隨後是13億美元，而本地炒作令牌則以7.48億美元的活躍位置排名第三。

Notably, trader "moonpig" took center stage with a $1 billion BTC long position using 40x leverage, which he exited as BTC cooled down.

值得注意的是，交易員“ Moonpig”使用40倍槓桿以10億美元的BTC長位佔據了中心位置，他在BTC冷卻時退出。

Trading volumes and daily revenue on the DEX soared to $11.5 billion and $3.4 million, respectively, according to DefiLlama data.

根據Defillama數據，DEX的交易量和每日收入分別飆升至115億美元和340萬美元。

The platform's native token HYPE has also benefited from the surge in activity on Hyperliquid, reaching new all-time highs above the $37 price level.

該平台的本地令牌炒作也從高流動性活動的活動激增中受益，達到了超過37美元的價格水平的新歷史高點。

We featured the token in our list of the best altcoins to watch in 2025:

我們在2025年觀看的最佳山寨幣列表中列出了令牌：

Regulatory participation underscores Hyperliquid's DeFi commitment

監管參與強調了超級流動性的違規承諾

Hyperliquid Labs recently submitted two formal comment letters to the U.S. Commodity Futures Trading Commission (CFTC), addressing the agency's requests for public input on perpetual derivatives and 24/7 crypto trading.

Hyperliquid Labs最近向美國商品期貨交易委員會（CFTC）提交了兩封正式評論信，該信件探討了該機構對永久衍生產品的公開意見和24/7加密貨幣交易的要求。

In its May 23 announcement on X, Hyperliquid praised the CFTC's proactive stance, asserting that regulatory clarity is crucial for the maturation of decentralized markets.

在5月23日的X公告中，超流動性讚揚了CFTC的主動立場，並斷言監管清晰度對於分散市場的成熟至關重要。

The platform highlighted its unique capabilities, including continuous liquidity, real-time collateral management, and automated liquidations, which it believes align with the foundational principles of decentralized finance.

該平台強調了其獨特的功能，包括連續流動性，實時抵押管理和自動化清算，它認為與分散融資的基本原理保持一致。

Hyperliquid emphasized how its on-chain architecture supports transparency, composability, and user protection, key tenets in a sector often scrutinized for opacity and risk.

超流動性強調其鏈架結構如何支持透明度，合併性和用戶保護，這是一個經常被仔細檢查的關鍵宗旨，通常是為了不透明度和風險而受到審查。

In its submission, Hyperliquid stated: "Supporting DeFi in the US with open dialogue and a clear regulatory framework is an opportunity to ensure the US remains a leader in financial innovation while robustly protecting users."

Hyperliquid在提交中指出：“通過公開對話和明確的監管框架為美國提供支持，這是一個機會，可以確保美國仍然是金融創新的領導者，同時強大地保護用戶。”

HYPE token surges to new highs

大肆宣傳象徵性的湧現到新的高點

Riding the wave of increased trading activity and positive sentiment surrounding its regulatory outreach, Hyperliquid's native token, HYPE, surged to a new all-time high above $37. The token gained over 12% in the past 24 hours and has climbed more than 87% over the last month.

越來越多的貿易活動和圍繞其監管外展活動的積極情緒的浪潮，Hypliquid的本地代幣炒作飆升至37美元以上的新歷史高處。在過去的24小時內，令牌上漲了12％以上，在上個月攀升了87％以上。

However, the rally has not been without setbacks for some traders. Blockchain analytics firm SpotOnChain reported that a major whale shorted 1.875 million HYPE tokens at 5x leverage. As prices soared, the position was closed at a loss of $23.52 million, wiping out most of the $30.5 million USDC initially used to sustain the trade. The trader's remaining balance now stands just below $7 million.

但是，對於某些交易者來說，集會並沒有沒有挫折。區塊鏈分析公司Spotonchain報告說，一條大鯨魚以5倍的槓桿作用縮短了187.5萬炒令牌。隨著價格飆升，該職位的關閉，虧損了2352萬美元，消除了最初用於維持該交易的3050萬美元的大部分。現在，交易者的剩餘餘額現在略低於700萬美元。

With rising institutional interest in perpetual contracts and clearer regulatory pathways on the horizon, Hyperliquid appears well-positioned to maintain its upward trajectory in the evolving DeFi landscape.

隨著對永久合同的機構興趣不斷上升，並且在地平線上更加清晰的監管途徑，超級流動性似乎良好，以維持其在不斷發展的Defi景觀中的向上軌跡。