As of PANews’ November 12, 2026 report, Nvidia (NVDA) was the largest HIP-3 market on Hyperliquid by open interest, according to MLM monitoring. Its $535 million in open interest ranked fourth across all markets on the platform, behind BTC, ETH and HYPE.
MLM reported that NVDA open interest had grown 5.8-fold over the preceding seven days and stood at about 2.4 times its previous June peak of $227 million. Trading volume exceeded $1 billion in a single day for the first time on November 12.
The reported positions involved 9,517 wallets. Of those wallets, 83% held long positions, while market makers accounted for 70% of short open interest. The first percentage counts wallets; the second measures the size of short positions. They should not be read as opposing shares of the same total.
These figures describe trading activity and positioning in a Hyperliquid market. On their own, they do not establish a valuation for Nvidia shares.
Original report: PANews, November 12, 2026, 12:13 p.m. UTC+8.