Hyperliquid TSM Perpetual Volume Rises 233.8% After TSMC Revenue Release

Trading in Hyperliquid's TSM perpetual contract more than tripled in the first hour after Taiwan Semiconductor Manufacturing Co. (TSMC) released October revenue on Nov. 10, while open interest declined.

About $358,900 in contracts changed hands during that hour, compared with approximately $107,500 in the preceding hour. That was an increase of about 233.8%. The contract's price rose about 0.69% over the same one-hour period.

TSMC's October revenue was approximately NT$586.89 billion, up 59.7% from a year earlier and 14.7% from September. Revenue for January through October totaled NT$4.49 trillion, a 43.3% increase from the same period in 2025. The Nov. 10 release covered monthly revenue, not quarterly earnings.

The trading figures concern Hyperliquid's perpetual contract, rather than TSMC's U.S.-listed shares, which also trade under the ticker TSM. Higher trading volume did not coincide with an increase in the contract's open interest.

The largest identified TSM long position was tied to an address beginning 0xfd6a. The position was worth about $1.22 million, with an average entry price of $434.97 and an unrealized loss of approximately $132,000.