Leaderboard & Referrals are live on Hyperdex Perps
Trade, refer, earn: https://t.co/JKWN1Yv3rb
Referrals
Create up to 5 codes at https://t.co/R1ZKu662xW and share your link: https://t.co/KGL9H1SLxb
You earn 20% of the full Hyperdex fee on every perps trade your referred users make on Hyperdex.
Friends who join through your referral link pay 10% less in Hyperdex fees on every perps trade.
Earnings are paid in USDG. Claim from 10 USDG.
Claims
We’re running claims weekly while we test the payout flow for bugs. Instant referral claims are coming soon.
Leaderboard
Every trader ranked by PnL or Volume, over 24H, 7D, 30D and all time.
Buyback & Burn
Perps fees now go into the same buyback as swap fees.
After referral payouts, 80% of fees buy $HYDX and burn it; 20% goes to the treasury.
Every burn is listed at https://t.co/E6xnm5oXe7
@OndoPerps Rewards are now available to Hyperdex traders.
Through our Perps Aggregator, you can access Ondo Perps and participate in its latest trading rewards campaign.
60,000 USDC in total rewards. Six reward tiers.
Running from November 10 to December 9, 23:59 UTC.
Eligible traders can unlock rewards based on net funding and taker volume:
→ $1K funding + $20K volume = 5 USDC
→ $2K funding + $50K volume = 10 USDC
→ $5K funding + $300K volume = 50 USDC
→ $10K funding + $1M volume = 120 USDC
→ $20K funding + $3M volume = 400 USDC
→ $50K funding + $5M volume = 1,111 USDC
Who is eligible?
New Ondo Perps users and existing users who have never placed a trade on Ondo Perps.
Net funding must be maintained through December 9. Only taker trades count, including eligible Perps and spot trades.
Your wallet, your trades, your rewards.
Access Ondo Perps through Hyperdex:
https://t.co/tJUDKvbbwx
Hyperdex Updates
1. Payments: Our Next Major Release
Payments is our biggest upcoming release and one of our primary focuses right now.
Our payment provider partnerships are progressing through approval processes, including compliance checks and regulatory licensing requirements with traditional finance partners. These processes take time, but they're essential to building reliable payment infrastructure.
At launch, Hyperdex Payments is targeting coverage across 100+ countries throughout the Americas, LATAM, and APAC, leveraging local payment providers in each market.
The goal is to bring multiple payment methods and providers together into one unified platform, supporting on-ramp, off-ramp, and cross-border payments.
This is a significant expansion of what Hyperdex offers today, taking us beyond crypto-native products and into traditional payment infrastructure.
2. A Simpler, More Focused Product
We're reviewing our entire product suite and making decisions about where to concentrate our resources.
Products with limited usage or that don't align with our long-term direction will be phased out. Our focus is on building and scaling three core verticals:
Perps: Bring major perpetual trading venues together in one terminal, with unified access, competitive execution, and the best available trading opportunities.
DEX Aggregation: Find the best available routes for every swap, across chains, liquidity sources, and integrations.
Tokenization: Make tokenized stocks, commodities, ETFs, and other real-world assets accessible on-chain through a unified aggregation layer.
We want each product to serve a clear purpose, deliver real value, and contribute to the broader Hyperdex ecosystem.
Rather than spreading ourselves across too many products, we're concentrating on making these three verticals as competitive and comprehensive as possible.
3. Volume, Adoption & Incentives
Volume is one of our most important growth metrics. We're focused on increasing genuine trading activity across our products and making Hyperdex more rewarding for active users.
To support this, we're working on:
Incentive Programs: Introducing structured incentives to reward active traders and encourage sustained usage across our products.
Leaderboards: Introducing trader rankings based on both PnL and trading volume, giving users greater visibility into their performance and creating more opportunities for competition.
Further Product Optimizations: Continuously improving execution, routing, UX, and integrations to make trading across Hyperdex faster and easier.
Tokenization Supercycle.
@Enter_Elysium is now fully integrated with Hyperdex.
We've updated our SDK, RPC infrastructure, and wallet connectors to support Elysium.
As soon as Elysium Mainnet goes live today, it will be enabled across both our DEX Aggregator and SuperSwap.
Bridge and swap across Elysium directly through Hyperdex across 50+ chains from Hour 0 of mainnet launch.
Ready for mainnet.
Introducing Leaderboard & Referrals, coming soon to HyperDex Perps.
Share your link and earn 20% of the full trading fee on every trade your friends make.
Climb the leaderboard by PnL and volume
We've officially partnered with @trydrip, by @blauyourmind, to bring Market Intelligence to the Hyperdex Perps Aggregator.
Analyst calls are now displayed directly on stock charts, positioned above the candle corresponding to when the call was made.
Hover or tap any signal to see the call. Open it to access the full thesis, the analyst's original words, and a link to the original source.
Already indexed:
→ 315 analyst calls
→ 24 research sources
→ 65 stocks, ETFs, and indices
→ Research from Substack, YouTube, and podcasts
Bringing independent research and market intelligence directly into your trading terminal.
Explore: https://t.co/Fljc2IkEjt
@PyDZ42bHJ194303 The focus remains on building, shipping, and scaling.
DEX volumes are growing, Perps are approaching $500K+ in cumulative volume, and Payments are in development.
More optimizations, integrations, and products are on the way. We're Hyper focused on what's ahead.
Anthropic tokenized stock will be listed on Hyperdex on Day 1 of its IPO.
Trade it through both our DEX Aggregator and Perps Aggregator from launch.
Tokenization Supercycle.
Hyperdex Tokenized Assets Upgrade
Buy onchain. Redeem offchain.
Every asset on HyperDex now shows:
→ price on every chain
→ who can redeem, into what, at what fee
→ the issuer and who holds the asset
→ who controls the contract
→ your votes, dividends and claim
https://t.co/mLf1Sm8bjG
Same stock, different deal, compare each issuer.
@xStocksFi → USDC or shares, 0 bp
@Ondo → USDon or USDC, 0 bp
@RobinhoodCrypto → USD, via Bitstamp only
@bstocksfinance → the share itself
@Backpack → shares in your Backpack account
Every line links to the issuer’s own documents.
Gold, credit and Treasuries too.
PAXG → gold bars or USD
XAUt → a gold bar delivered in Switzerland
syrupUSDC → USDC, from a loan pool
USDY → USDC or USD
SuperSwap has been overhauled.
We've shipped a major round of upgrades across SuperSwap, with significant improvements to UX, routing, execution speed, and reliability.
https://t.co/QjrSjsPBHH
What's new:
→ Buy & Sell: Buy trending tokens with any asset you hold, then sell them back into any token across BNB Chain, Base, Solana, Robinhood Chain, and Arc.
→ Complete Wallet Balances: All your wallet balances are now displayed across supported chains, giving you a complete view of the assets you can swap.
→ Faster Routes: Routes are now displayed in under 600ms.
→ Faster Execution: Swaps are filling in ~ 3–4 seconds.
→ Smarter Routing: Cross-chain routes prioritize the fastest path when prices are close.
→ Improved Reliability: If a route fails to fill, the next available route is attempted automatically.
Less waiting, fewer steps, better execution.
Hyperdex Flywheel & Growth Update
We've received our latest partner fee payout and executed another round of $HYDX buybacks and burns.
Here's the breakdown:
→ 319.01 USDG in swap fees received
→ 255.21 USDG used to buy 166,638 $HYDX, sent directly to 0xdead
→ 63.80 USDG allocated to the treasury
The Growth %
Hyperdex Swap volume reached $498.5K this week, up 27% week over week.
There's important context: this growth has happened in just the past 20 days, and it represents only one product.
We're also already approaching the Top 50 DEX aggregators and Top 20 bridge aggregators on DeFiLlama.
We're yet to claim and process perps fees across @HyperliquidX and @Lighter_xyz, and we're continuing to optimize our infrastructure as we scale.
Our current target is $1 million in daily volume for each product individually.
We're steadily building towards it. With the expansion of our existing products, payments aggregation, and new products and integrations, we believe we can reach this target sooner rather than later.
An automated flywheel, built to scale.
Our buyback and burn process is fully automated, operating hourly across supported chains. Every fee allocation, buyback, burn, and individual transaction can be independently tracked on our Flywheel page.
https://t.co/E6xnm5oXe7
We're proud for how far we've come in less than a month, but this is only the beginning.
More products. More volume. A bigger flywheel.
Hyperdex Perps Aggregator Updates & Upgrades
1. Volume Growth
In just the past two days, our Perps aggregator has nearly matched the volume of our DEX aggregator.
We've surpassed $150K in cumulative volume, with daily volume now exceeding $50K+.
A strong start, and we're steadily scaling.
2. Fully Self-Custodial Perps Aggregation
We've made an important upgrade: Perps aggregation is now fully self-custodial.
Whether you trade on @HyperliquidX, @Lighter_xyz, @OndoPerps or any venue we integrate in the future, your trades belong to you.
That means:
Your wallet executes and owns your trades.
Hyperdex does not collect points from your trading activity.
You remain eligible for the points and rewards associated with your own trades.
Your wallet. Your trades. Your points.
3. Lower Aggregation Fees
Starting next week, we're also reducing fees across our Perps aggregator.
We're working with multiple venues to introduce additional reward opportunities and incentive systems. More details will follow as these are confirmed.
This is just the beginning.
More venues, better execution, lower fees, and more rewards.
Hyperdex Updates
1. Swap & Bridge Aggregation
A major milestone: Hyperdex's DEX aggregator and Swap & Bridge aggregation have now surpassed $2 million in cumulative volume, with daily volumes continuing to grow.
Track all the details: https://t.co/uIrMjL5fnW
2. Perps Now Integrated with @DeFiLlama
Our Perps aggregator is now integrated with DeFiLlama, allowing users to track perps volume.
https://t.co/H00Jy9zzO2
Perps volumes are still at an early stage, but we're focused on scaling this product just as we did with our Swap & Bridge aggregation.
3. Buybacks & Burns
We're expecting to receive the outstanding fees from our partners this week. Once received, we'll initiate the corresponding buybacks and burns, covering all fees generated over the past week.
As always, every buyback and burn transaction will be transparently trackable here:
https://t.co/E6xnm5oXe7
4. SuperSwap Upgrades
We're expanding SuperSwap with more functionality, including multi-swap and multi-token swaps, alongside further UX improvements.
5. Payments
We're making progress on our payments infrastructure. We already have sandbox environments with two payment providers and are testing on-ramp, off-ramp, and payment functionalities.
We're targeting KYB clearance between this week and early next week, which will allow us to begin rolling out some of these features.
More integrations, more functionality, and more improvements are on the way.
The Tokenization Supercycle.