News

Due to extensive user confusion, the ZRO-USD hyperp will be settled earlier than originally stated. The hyperp has used 2 billion as the ZRO max supply since its launch in September, but the supply was recently unofficially stated to be 1 billion. Note that the settlement outlined below is how the hyperp would have originally settled, except 7 days earlier to limit the number of users who misinterpret the contract specs. The settlement will happen 1 hour after the first ZRO/USDT trade on Binance, OKX, or Bybit spot. The settlement price will use the formula for the spot oracle price times actual max supply / 2 billion. For example, if the max supply is 1 billion, the settlement price at which positions are closed will be weighted median spot price / 2. See Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-l1/oracle. Close any positions beforehand to avoid automatic settlement. After the hyperp is settled, a normal ZRO-USD perp may be listed assuming sufficient community interest.

Weekly update Spot + Total spot volume crossed $500M, with 20 native spot assets Perps + Listed perps for $BRETT and $IO + Listed hyperp for $ZK, which converted to a vanilla perp today + Postponed delisting of $FET due to change in timeline for the $ASI merger Tech + Testnet EVM now provides a system contract that allows querying native L1 information. The contract is available at 0x1111111111111111111111111111111111111111 and has methods for querying the L1 block number as well as oracle prices. You can read more in the Discord / Telegram API announcements channels Product + Added buy/sell icons to the TV chart - these are enabled by default. You can disable them in the settings dropdown by unchecking "Show Buys and Sells on Chart" + Added more information to the token contract page in the explorer: deployer address, deploy time, gas, and Hyperliquidity balance sold. Note that gas will only be displayed for new tokens going forward + Added Strict | All toggle to the All section of the token selector, so now spot tokens will display together with perps + Updated wagmi version to fix a subset of users' issues with their wallets disconnecting when opening a new tab/window. Thanks to the wagmi team for fixing this + Misc UI improvements: removed full line click on explorer pages, fixed TV chart not moving when customizing layout, fixed formatting on old explorer events, improved vault page loading, etc. Community + Velo now supports data for top 15 perps on Hyperliquid. This is the first new exchange Velo has added since inception. You can view this data individually or aggregated/normalized with other exchanges: https://velodata.app/futures/SOL + Jeff did an interview with 0xResearch on May 22 that was recently posted: https://youtu.be/cxyUtPoC1-E&t=86 L1 Points + L1 points for Week 2 (June 5-11 inclusive) were distributed. Points distributions take place on Fridays

$ZK has converted to a regular perp https://app.hyperliquid.xyz/trade/ZK

Velo now supports data for top 15 perps on Hyperliquid. This is the first new exchange Velo has added since inception. As with all others, you can view this data individually or aggregated/normalized with other exchanges. https://velodata.app/futures/SOL

The FET-USD delisting will be postponed due to the change in timeline re: the ASI merger. See the announcement from Fetch.ai: https://x.com/Fetch_ai/status/1800541764740342055

By community request, you can now long or short $IO 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/IO

By community request, you can now long or short $BRETT 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/BRETT

Bi-weekly update Spot + 18 different native spot assets are currently live on mainnet. You can learn about how to deploy a native spot asset in the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips/hip-1-native-token-standard + Deployers can reach out to DEX Screener, CoinGecko, etc. to update relevant information Perps + Listed perps for $TURBO + Delisting $FET on June 12 at 08:00 UTC Tech + Deployed an MVP of the EVM on testnet for dev feedback. You can learn more in the Discord / Telegram API announcements channels Product + Added contract address in info bar for mobile + Updated wagmi library - please flag if you are experiencing any issues with connecting your wallet or establishing connection! Since this update was pushed on May 31, some users are disconnected when they open a new tab/window, which has been brought up to the wagmi team. This requires their fixing unfortunately. The situation is being actively monitored. + Misc UI improvements: updated subaccount transfer modal to include subaccount and master balances, fixed issue with max decimals on spot send and transfer modals, TV chart improvements, loading indicator improvements, etc. Community + chrisling built a leaderboard to view individual traders: https://hyperliquid.chrisling.dev/leaderboard + Louis (Discord user) made an explorer: https://hypurrscan.io/token/0xc1fb593aeffbeb02f85e0308e9956a90 + Hidden (Discord user) made a frontend for the testnet faucet for EVM gas: https://hyperliquidfaucet.com/ Points + The L1 season of points started on May 29 to reflect the growing vision to support the financial ecosystem. 700,000 points were distributed for Week 1 (May 29-June 4 inclusive) on June 7

FET-USD will be delisted on June 12 at 08:00 UTC. This shorter than usual notice is due to a lack of clarity around the timing of the merger of FET, AGIX, and OCEAN to ASI. All positions will be settled at mark price, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, FET-USD perps will be delisted, and no new orders will be accepted.

The first week of L1 points is complete. 700k points have been distributed.

By community request, you can now long or short $TURBO 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/TURBO

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