超流动性是在其专有第1层区块链上建立的分散的永久交换，已成为正在进行的加密衍生物繁荣的焦点。

Hyperliquid Labs最近向美国商品期货交易委员会（CFTC）提交了两封正式评论信，该信件探讨了该机构对永久衍生产品的公开意见和24/7加密货币交易的要求。

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.

分散的永久交换超流动性已成为正在进行的加密衍生品繁荣的焦点，看到了纪录的开放兴趣和其平台上的交易量。

Hyperliquid sees record open interest

超流动看到记录的开放兴趣

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.

该交易所最近在5月23日星期二的Open Interion（OI）中创下了新的纪录（OI）。这比本月早些时候的高峰增长了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.

这次激增与比特币的集会相吻合，高于111,000美元的价格水平的新历史最高水平，推动了对加密衍生品的需求。

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.

根据Coinglass的数据，Hyproliquid的比特币合同仅贡献了超过42亿美元，占该平台总OI的40％以上。以太合同随后是13亿美元，而本地炒作令牌则以7.48亿美元的活跃位置排名第三。

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，交易员“ Moonpig”使用40倍杠杆以10亿美元的BTC长位占据了中心位置，他在BTC冷却时退出。

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

根据Defillama数据，DEX的交易量和每日收入分别飙升至115亿美元和340万美元。

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.

该平台的本地令牌炒作也从高流动性活动的活动激增中受益，达到了超过37美元的价格水平的新历史高点。

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

我们在2025年观看的最佳山寨币列表中列出了令牌：

Regulatory participation underscores Hyperliquid's DeFi commitment

监管参与强调了超级流动性的违规承诺

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最近向美国商品期货交易委员会（CFTC）提交了两封正式评论信，该信件探讨了该机构对永久衍生产品的公开意见和24/7加密货币交易的要求。

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，超流动性赞扬了CFTC的主动立场，并断言监管清晰度对于分散市场的成熟至关重要。

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.

该平台强调了其独特的功能，包括连续流动性，实时抵押管理和自动化清算，它认为与分散融资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.

超流动性强调其链架结构如何支持透明度，合并性和用户保护，这是一个经常被仔细检查的关键宗旨，通常是为了不透明度和风险而受到审查。

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：“通过公开对话和明确的监管框架为美国提供支持，这是一个机会，可以确保美国仍然是金融创新的领导者，同时强大地保护用户。”

HYPE token surges to new highs

大肆宣传象征性的涌现到新的高点

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.

越来越多的贸易活动和围绕其监管外展活动的积极情绪的浪潮，Hypliquid的本地代币炒作飙升至37美元以上的新历史高处。在过去的24小时内，令牌上涨了12％以上，在上个月攀升了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，对于某些交易者来说，集会并没有没有挫折。区块链分析公司Spotonchain报告说，一条大鲸鱼以5倍的杠杆作用缩短了187.5万炒令牌。随着价格飙升，该职位的关闭，亏损了2352万美元，消除了最初用于维持该交易的3050万美元的大部分。现在，交易者的剩余余额现在略低于700万美元。

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.

随着对永久合同的机构兴趣不断上升，并且在地平线上更加清晰的监管途径，超级流动性似乎良好，以维持其在不断发展的Defi景观中的向上轨迹。