Hyperliquid

Infrastructure to house all finance. Trade crypto, commodities, indices, FX, and real-world assets onchain, 24/7. Not directed at UK persons.

[Hyperliquid @HyperliquidX]

As a reminder, hyperps do not rely on any external data for the oracle price. Hyperps trade like perpetual contracts that users are familiar with, but do not require an external spot or index oracle price. Instead, the funding rate is determined relative to a moving average of the hyperp mark price. This makes the hyperp price more stable and less susceptible to manipulation, unlike usual pre-launch futures.

When trading hyperps, funding rates are important to consider. If there is heavy price momentum in one direction, funding will heavily incentivize positions in the opposite direction for the next eight hours. As always, be sure to understand the contract before trading.

Trading is on low leverage and isolated margin only. Beware of low liquidity, high volatility, potentially extreme funding, and increased liquidation risk. Note: XTEN-USDC will convert to a vanilla perp upon CEX listing. See Docs for more.

XTEN-USDC is a hyperp contract that poses higher than normal risk. Do not trade contracts you are unfamiliar with and do not understand the risks for. Read the Docs to learn more about the hyperp mechanism and how it differs from vanilla perps. NFA.

https://t.co/nqyNo33PZy

[Hyperliquid @HyperliquidX]

By community request, Extended (XTEN) hyperp has been listed with up to 3x leverage.

[Hyperliquid @HyperliquidX]

Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. Subject to regulatory approval, Bitnomial, Payward’s CFTC-regulated DCM and DCO, would act as the HIP-3* deployer: creating, owning, and administering the markets and clearing and settling the contracts. If approved, NinjaTrader Clearing, Payward’s CFTC-registered FCM, would carry client accounts.

HIP-3 will support optional deployer configuration for permissioned markets in a future network upgrade. This set of additional deployer functionality is collectively called HIP-3*. At its core, HIP-3* activation involves an onchain allowlist managed by the deployer or its sub-deployers. The functionality is strictly additive to HIP-3; its use is optional and up to the deployer. Existing markets remain unchanged. The initial release is available on testnet, where specifications are preliminary and subject to change based on feedback.

Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. HIP-3* gives deployers additional functionality to operate deployments consistent with the requirements applicable to them. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.

[jeff.hl @chameleon_jeff]

Thank you to @TheStalwart and @tracyalloway for having me on! Appreciate the research that went into the thoughtful questions and discussion.

We derived some interesting results live about how mechanisms such as HIP-3* ought to work. This wasn't scripted and reflects close listening and quick learning by the hosts. I was impressed and enjoyed the conversation.

[Hyperliquid @HyperliquidX]

Thank you to everyone who traveled near and far to make it to Monday's community event. Multiple members of the ecosystem hosted their own events to celebrate Hyperliquid and the community throughout the week. Thank you to every organizer for the hard work and dedication behind each one.

The builder booths were a highlight for many. To everyone building on Hyperliquid: thank you for bringing more of finance onchain and spreading the word.

Since last year, even more builders, users, and institutions have contributed to the ecosystem's growth. Hyperliquid's vision is to be infrastructure to house all finance, and every year, that vision becomes more of a reality.

[Hyperliquid @HyperliquidX]

The Hyperliquid community event will take place on the evening of October 5 in Singapore: https://t.co/jVuGo3rhn7

This is a chance to spend time with the builders and users who've shaped the ecosystem

The event is oversubscribed; you will only be able to attend if your RSVP was accepted. If your RSVP was accepted but you're no longer able to attend, please cancel your RSVP to make space for others

[Hyperliquid @HyperliquidX]

Note: Two-sided OI is calculated as the sum of long and short positions

[Hyperliquid @HyperliquidX]

Open interest reached an all-time high of $18B on Hyperliquid

[Hyperliquid @HyperliquidX]

See the Support Docs for more: https://t.co/gu0Aywrik8

[Hyperliquid @HyperliquidX]

Trailing stops are now available for perp markets.

A trailing stop's trigger price follows the mark price as it moves in favor of the position. When the mark price retraces from its best level by the selected distance or percentage, it triggers a market order. For long positions, the trigger price follows the highest mark price reached since activation; for short positions, it follows the lowest. An optional activation price determines when tracking begins. Without one, tracking begins immediately at the current mark price.

[Hyperliquid @HyperliquidX]

See the Support Docs for more: https://t.co/29s4F9ndHV

[Hyperliquid @HyperliquidX]

Manual borrows are live on Hyperliquid
Portfolio margin and manual borrows use the same underlying HyperCore infrastructure, with $269M in assets borrowed today.

Users can supply HYPE and BTC as collateral to borrow quote assets (USDC and USDT). Borrowed quote assets pay interest, and supplied quote assets earn interest, with rates set by utilization.

[Hyperliquid @HyperliquidX]

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

https://t.co/AdNpV8E56j

[Hyperliquid @HyperliquidX]

By community request, $USELESS perps have been listed with up to 3x leverage.

[Hyperliquid @HyperliquidX]

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

https://t.co/e1RFfWomXw

[Hyperliquid @HyperliquidX]

By community request, ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 perps have been listed with up to 3x leverage.

[xStocks @xStocksFi]

Accelerating the next phase of tokenized stocks on @HyperliquidX.

MUx, SKHYx, NVDAx, QQQx and SPYx live as native spot markets.

~$1M in liquidity per asset. 8–12 bps average spreads.

Trading 24/7 with more assets launching soon.

[Coinbase Wallet @CoinbaseWallet]

Base App perps are live powered by Hyperliquid.

Long or short anything from your phone.

[Hyperliquid @HyperliquidX]

TWAP orders now support the following features, fully onchain:
+ Trigger price: TWAP order activates when mark price reaches your set level
+ Max/min price: TWAP order terminates when mark price crosses your max price (for buys/longs) or min price (for sells/shorts)
+ Longer running time: Extended to 7 days
+ Dynamic suborder intervals: Suborder intervals are no longer fixed at 30 seconds. The interval is calculated from the total size and running time set, with 30 seconds as the minimum
+ Lower minimum order size: $100 notional per TWAP order; minimum notional per suborder is still $10

[trade.xyz @tradexyz]

@tradexyz reached new all time highs across the board:
- Cumulative trading volume: $408.4B
- Cumulative weekend trading volume: $26.07B
- 24hr peak volume: $5.6B
- Open interest: $3.9B
- Daily unique traders (24hr peak): 60.6k