Hyperliquid's Nvidia contract open interest surges 5.8x in 7 days, single-day trading volume tops $1 billion for the first time

Odaily Report: Nvidia (NVDA) has become the largest HIP-3 market on Hyperliquid by open interest, with positions totaling $535 million, ranking fourth across all markets on the platform, behind only BTC, ETH, and HYPE. Over the past 7 days, its open interest grew 5.8x, reaching 2.4 times the previous high of $227 million set in June this year; today's single-day trading volume exceeded $1 billion for the first time.

In terms of position structure, a total of 9,517 wallets are currently participating in trading, of which 83% hold long positions, while market makers account for 70% of short open interest. The largest single position is a short of 348,000 NVDA shares held by Jump, valued at approximately $56 million (a non-directional position); the largest directional position is a long of 191,000 shares established by one address over the past 24 hours, valued at approximately $30.7 million, with an average entry price of $174.43, currently showing an unrealized loss of about $2.6 million. The average entry price for NVDA longs across the entire market is $169.55, with a mark price of $160.66, approximately 5.2% below the average entry price, and total unrealized losses on longs amount to about $14.6 million.