News

Bi-weekly update Spot + Enabled permissionless user-deployed spot on mainnet with a Dutch auction for gas. More in the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips/hip-1-native-token-standard + Deployers are strongly recommended to try testnet first to avoid issues on mainnet. No user-deployed spot assets are officially endorsed. Do not trade assets you are unfamiliar with and do not understand the risks for. DYOR. + New spot assets are automatically displayed on DEX Screener: https://dexscreener.com/hyperliquid/0xc1fb593aeffbeb02f85e0308e9956a90 Perps + Listed perps for $NOT + ETH-USD perps reached a new ATH of $1.1 billion 24h volume Tech + Began work to support a native EVM Product + You no longer need to connect to Arbitrum to perform actions on Hyperliquid other than deposit via the Arbitrum bridge + Enabled TWAP for spot + Added Strict / All toggle for spot token selector + Added the option to Hide Small Balances to the Balances table + Updated Send modal to include USDC value for spot balances and sort by USDC amount + Updated styling for filter and toggle buttons on the Portfolio, Vaults, and Funding Comparison pages + Misc UI improvements: fixed text overflow on small screens, token-specific trade URLs, rounding when clicking Max for perps <-> spot transfer, etc. Community + loracle built a Telegram bot to snipe and trade spot: https://t.me/HypurrFunBot. There is also a group chat: https://t.me/+SJRiO42rufBmODBk + jan's https://www.purrburn.fun/ now includes buyers and sellers + STFX integrated Hyperliquid: https://stfx.io/trade

Permissionless user-deployed spot will go live on mainnet within the next 60 minutes. You can read more in the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips/hip-1-native-token-standard It is strongly recommended to try exactly what you want to deploy on testnet first, so you don’t run into issues on mainnet. After bidding and paying gas, you can take your time to check each step, as there is no time limit for deploying. This is a complex process, so it is possible to get in a state where your deployment is stuck. It is the deployer's responsibility to try on testnet first; gas cannot be refunded if your deployment is stuck. The dev team does not endorse any user-deployed spot asset; this is meant to be tech that anyone can use. Do not trade assets you are unfamiliar with and do not understand the risks for. Always do your own research. In addition, updates have been made to the UI to help users navigate trading spot. For example, there is now a toggle between “Strict” and “All” spot assets in the token selector.

The Hyperliquid L1 will support a native EVM. The EVM will be augmented to atomically compose with native components on the Hyperliquid L1: HIP-1 assets, spot trading, perp trading, and other defi primitives. Today, Hyperliquid already offers massively scalable throughput for the most heavily used defi operations. The EVM will unlock the full breadth of applications that do not require heavy optimization, such as bridging, auctions, lending, and novel user applications. The EVM is not an isolated feature, but rather an integrated approach towards scaling the L1. By routing the highest throughput transactions through performant native components, the long tail of applications can enjoy ample blockspace. By empowering users to build on the EVM, the native order books will benefit from trustless bridging, new assets, and improved liquidity. As one example of EVM composability with native components, HIP-1 assets will feature an atomic transfer with their corresponding ERC-20 contracts. This interaction will enable Hyperliquid L1 to become the premier platform to build, launch, and trade tokens. Builders will be able to deploy smart contracts with familiar EVM tooling and connect instantly to the CEX-like trading experience that users love. As the Hyperliquid L1 matures, users will no longer need centralized exchanges or other blockchains. This is a relatively large undertaking. The testnet launch is expected to go live in the coming months.

By community request, you can now long or short $NOT with up to 5x leverage. 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://app.hyperliquid.xyz/trade/NOT

User-deployed spot is now live on mainnet. New user-deployed spots assets will appear in the "Spot" category of the token selector. Spot deploys should become permissionless on testnet in the coming weeks, with mainnet following once testing is complete on testnet.

Bi-weekly update Spot + Iterating on user feedback for the spot deploy process via HIP-1 and HIP-2. Thank you to everyone who has been sharing feedback and helping improve the flow Perps + Listed perps for $OMNI, $EIGEN, $REZ Tech + Switched to HyperBFT consensus during yesterday's network upgrade. The performance of mainnet is being closely monitored + As previously announced, legacy signing was discontinued Product + Added toggle between Perps and All (Perps + Spot + Vaults) for PNL and Account Value on the Portfolio page. Note: Perps only starts on May 4, which is when the data began to be indexed + Added market cap to token selector for spot on desktop + Misc UI improvements Community + Shoutout to the many community members who have been building tools and contributing to PURR + jan added a leaderboard and display names to https://www.purrburn.fun/ + send's TG announcements channel tracks whale buys/sells of $PURR: https://t.me/whalecatalerts + ikalgo's TG bot is a convenient way to check $PURR stats on the go: https://t.me/hyperliquidpricebot + vtx has been animating hypurr in GIF form

DEX Screener has integrated the Hyperliquid L1. This marks their first integration of an order book. You can now track $PURR on https://dexscreener.com/hyperliquid/0xc1fb593aeffbeb02f85e0308e9956a90 New user-deployed assets will also be tracked automatically once live.

By community request, you can now long or short $REZ with up to 5x leverage. 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://app.hyperliquid.xyz/trade/REZ

By community request, Hyperliquid has listed $EIGEN-USD hyperp. You can now long or short the unlaunched Eigenlayer token with up to 3x leverage. Note: $EIGEN-USD will convert to a vanilla perp upon CEX spot listing. See Docs for more: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/hyperps $EIGEN-USD 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://app.hyperliquid.xyz/trade/EIGEN

FRIEND-USD will be delisted on May 2 at 08:00 UTC. As a reminder, FRIEND-USD is an index, not a hyperp for the friend.tech token. All positions will be settled at mark price, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, FRIEND-USD perps will be delisted, and no new orders will be accepted.

By community request, you can now long or short $OMNI with up to 5x leverage. 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://app.hyperliquid.xyz/trade/OMNI

Weekly update (for April 14-28) Spot + $PURR genesis distribution went smoothly on April 16. Daily active traders passed 30k, and the frontend, L1, and API servers all performed without a hitch. + If you are interested in deploying a native token on mainnet through HIP-1 and HIP-2, please ⁠📩︱open-ticket and share what your plans are. Testing will begin on testnet in the next week. Perps + Listed perps for $SAGA, $MERL, $HBAR, and $POPCAT Points + Week 25 of the points program ended on April 23 Product + Improvements were made to bridge throughput after congestion issues during PURR's first day of trading + Updated info bar and Balances table on desktop to show contract info for spot tokens + Misc UI: tidied up the explorer and joining from a referral link, updated TV chart library, etc. Community + Jan (a long-standing community member) made a website to track $PURR burn and other stats: https://www.purrburn.fun/

By community request, you can now long or short $POPCAT with up to 5x leverage. 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://app.hyperliquid.xyz/trade/POPCAT

HIP-1 and HIP-2 will soon open up for users to permissionlessly deploy on the Hyperliquid L1. To recap, HIP-1 is a standard to deploy native tokens and onchain spot order books. HIP-2 permanently commits liquidity to a spot order book for HIP-1 tokens and synergizes with users' own order book liquidity. Since their announcement, HIP-1 and HIP-2 were adjusted based on user feedback. The most significant addition is that an HIP-1 genesis distribution can now include existing HIP-1 tokens as an anchor. I.e., at the genesis of the new token, a specified portion will be distributed proportionally to holders of another HIP-1 token. The UX to deploy HIP-1 and HIP-2 is still technical, so users or teams interested in deploying are encouraged to reach out to try it on testnet first. The mainnet release will be gated to a few deployments to test the technical details before becoming permissionless. Please open a ticket in the Discord server if you are interested.

By community request, you can now long or short $HBAR with up to 5x leverage. 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://app.hyperliquid.xyz/trade/HBAR

By community request, you can now long or short $MERL with up to 5x leverage. 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://app.hyperliquid.xyz/trade/MERL

By community request, you can now long or short $SAGA with up to 5x leverage. 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://app.hyperliquid.xyz/trade/SAGA

Points for week 24 have been distributed. Spot trading launched smoothly on April 16 with $PURR, leading to an all-time high of 30k daily active traders. The Hyperliquid L1 continues to grow.

$PURR is live as the first HIP-1 native token on the Hyperliquid L1. You can now trade $PURR on mainnet: https://app.hyperliquid.xyz/trade/PURR/USDC

As a reminder, spot trading for $PURR will go live between 04:00-06:00 UTC. During the feedback period on testnet, community members felt that there was more Hyperliquidity (HIP-2) than needed. As a result, 40% of the total supply originally allocated for HIP-2 will instead be burned. Concretely, that means 500M $PURR will be distributed to points holders and 100M $PURR will be permanently committed to the onchain order book via HIP-2 as liquidity.

4,462,258 points have been distributed to 11.5k closed alpha users for activity before October 31, 2023. Closed alpha points will default as the last row in the Points page. You can click the "Week" heading to see the oldest rows first.

Weekly update Spot + Made another round of spot updates on testnet based on user feedback. Spot will go live on mainnet this week + Final reminder: for points holders to qualify for $PURR on mainnet, they need to have accepted the updated Terms of Use on https://app.hyperliquid.xyz/trade by EOD UTC on April 13. Important: you must do this even if you have previously accepted the Terms of Use. You will be prompted to review and accept the Terms of Use when you connect to the website Perps + Listed perps for $TNSR Points + Week 23 of the points program ended on April 10 Product + Improved loading time for first time users + Misc UI improvements: changed error message for when reduce only is checked to "Reduce Only Too Large," added explanation to connect modal if desired wallet extension isn't shown, etc. ATHs in Metrics + Daily active traders: 19k + Daily liquidations: $117M + HLP all-time pnl: $19M

Final reminder to review and accept the updated Terms of Use on https://app.hyperliquid.xyz/trade by EOD UTC today, April 13, to qualify for $PURR on mainnet.

By community request, you can now long or short $TNSR with up to 5x leverage. 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://app.hyperliquid.xyz/trade/TNSR

Weekly update Spot + Updated spot on testnet based on user feedback. As a reminder, testnet is constantly being updated to test out new features and is sometimes down or reset as a result. Please continue to share feedback as you poke around on testnet + For points holders to qualify for $PURR on mainnet, they need to have accepted the updated Terms of Use on app.hyperliquid.xyz by EOD UTC on April 13. Important: you must do this even if you have previously accepted the Terms of Use. You will be prompted to review and accept the Terms of Use when you connect to the website Perps + Listed perps for $MNT and $ENA + Converted $W from a hyperp to a regular perp Points + Week 22 of the points program ended on April 2 Product + Updated withdrawing from a vault to only cancel the orders that are needed to service the withdrawal instead of canceling all orders + Updated referral fee share: referrers now earn 10% of fees for each referred address between 25M-1B volume instead of 0% + Fixed bug with rounding precision in size field ATHs in Metrics + OI: $700M + Daily Active Traders: 16k

By community request, you can now long or short $MNT with up to 5x leverage. 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://app.hyperliquid.xyz/trade/MNT

$W has converted to a regular perp following the listing of spot on centralized exchanges. You can now long or short $W with up to 5x leverage on cross margin: https://app.hyperliquid.xyz/trade/W

By community request, you can now long or short $ENA with up to 5x leverage. 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://app.hyperliquid.xyz/trade/ENA

Weekly update Spot + Launched spot trading on testnet, see announcement above for more details. Thanks to everyone who has been testing it out so far and sharing their feedback in the Discord server! + Announced HIP-1 and HIP-2. For more information see the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips and Python SDK: https://github.com/hyperliquid-dex/hyperliquid-python-sdk/releases/tag/0.3.0 Perps + Updated OI calculation from 1-sided to 2-sided + Listed perps for ETHFI Product + Improved TradingView chart: drawings should now save, there shouldn't be bugs with the x-axis, etc. The TradingView library was upgraded to a newer version, so any indicators you had may have been reset this one time, but the chart should work better and be less bug prone moving forward + Moved Place Order button and reduced notifications displayed at one time from 3 to 2, so users can continue clicking Place Order without interruption even on smaller screens + Added toggle to mobile trade page to remove order book display for users who prefer this view. Also made minor improvements to orderbook display on mobile + Updated mid button in limit price input field to round to passive side to make it easier to place resting orders at the top of the book when the spread is one tick wide + Added View All and Export as CSV buttons for Deposits and Withdrawals Points + Week 21 of the points program ended on March 26 ATHs in Metrics + OI: $650M ($325M using 1-sided calculation) + TVL: $340M + HLP pnl: $16M

The Hyperliquid L1 will support native spot trading, as well as two permissionless standards for native tokens: HIP-1: deploy native tokens and onchain spot order books HIP-2: “Hyperliquidity,” a novel mechanism to permanently commit liquidity to a spot order book for HIP-1 tokens. Hyperliquidity strategies run entirely onchain and synergize with users' order book liquidity. As with perps, the spot order book is entirely onchain. HIP-1 and HIP-2 are steps toward general purpose infrastructure with performant native components. The first spot launch is $PURR. There is no sale and no planned utility for $PURR. There are 1 billion total $PURR tokens, and this number will never increase. 50% of $PURR will be distributed proportionally to points holders. The remaining 50% will be permanently committed as Hyperliquidity on the PURR/USDC pair. Once thoroughly tested, HIP-1 and HIP-2 will become part of the permissionless infrastructure on the Hyperliquid L1. While HIP-1 assets will be native to the Hyperliquid L1, the standard opens the possibility for bridges from other chains. $PURR is live on testnet, so users can familiarize themselves with how native spot assets work on the Hyperliquid L1. Once testing is complete, $PURR will launch on mainnet. The points snapshot for mainnet $PURR has already been taken and will include closed alpha points. The distribution on testnet is different and meant for testing only.