HYPE: Hyperliquid vs Binance

Hyperliquid vs Binance: daily data through 8 Nov 2026.

Hyperliquid's main perpetual markets as a percentage of Binance's perpetual markets: 24-hour volume and open interest.

Why use it. Binance holds the most perpetual open interest of the venues we collect; the ratio tracks how much of that market Hyperliquid has taken. How to read it. A rising line means Hyperliquid is gaining on Binance. An open-interest share above the volume share means Hyperliquid's traders hold their positions longer than Binance's.

Calculation. 100 x Hyperliquid's total / Binance's total, both from the same five-minute snapshot: open interest one side in USD, and each venue's reported trailing 24-hour volume in USD, over every listed perpetual (Binance's USDT, USDC and coin-margined perpetuals). A venue's snapshot counts only when it holds at least 90% of the perpetuals it listed in the day before. The summary value is the volume share. A period's value is its last five-minute snapshot; the open period shows the latest as a labelled partial. History starts on 20 October 2026, when our collector began reading every listed perpetual; no earlier values are reconstructed. Source: our own five-minute snapshots of every listed perpetual on Hyperliquid's main market and on Binance, from the venues' public market data, collected by CryptoKeyhole.