<ul><li>Hyperliquid's native HYPE token reached an all-time high of $37.24 on May 23, amidst significant growth in decentralized derivatives trading.</li><li>The surge was supported by regulatory advancements, increased whale activity, and a record $9.37 billion open interest on the platform.</li><li>HYPE token saw a 14.5% increase in the last 24 hours, reaching $35.35, and has gained 37.7% over the past week.</li><li>The platform's proactive regulatory engagement, with submissions to the U.S. CFTC, and strong open interest figures, contributed to the token's impressive performance.</li></ul>

HYPE Hits New All-Time High as Hyperliquid Open Interest Surges Past $9B

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