Hyperliquid experienced a geometric increase in open interest after its token issuance last year. Interestingly, this number eventually reached six times the level before the issuance. In other words, based on market enthusiasm and trading activity, this project delivered a quite impressive performance in 2024. Many industry insiders regard its launch strategy as one of the most outstanding execution cases of that year — from cold start to rapid expansion, every step was on the right track. Behind this growth curve, it not only reflects the project's own attractiveness but also indicates the growth momentum of the entire derivatives trading market during that cycle.