The open interest of NVIDIA contracts on Hyperliquid under HIP-3 has reached $535 million, second only to BTC, ETH, and HYPE.
13 minutes ago
According to monitoring by Mlm on Chain, NVIDIA (NVDA) has become the HIP-3 market on Hyperliquid with the largest open interest, and also the platform’s fourth-largest market overall, trailing only BTC, ETH, and HYPE. Its open interest stands at $535 million, up 5.8 times over the past seven days, and 2.4 times the previous peak of $227 million set in June this year. Today, the NVDA market’s daily trading volume exceeded $1 billion for the first time. The largest single position is a short of 348,000 NVDA shares held by Jump, valued at roughly $56 million, a non-directional position. The largest directional position is a long of 191,000 NVDA shares, worth about $30.7 million, built gradually over the past 24 hours at an average entry price of $174.43, with an unrealized loss of around $2.6 million. The market has 9,517 trading wallets in total, of which 83% hold long positions; market makers account for 70% of the short open interest. The average entry price for longs is $169.55, while the mark price is $160.66, some 5.2% lower than the average entry price. The total unrealized loss across all NVDA long positions reaches $14.6 million.
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