News

Hyperliquid reached a new all-time high in 24h volume of >$8.5B. Open Interest also reached a new all-time high of >$3B.

By community request, you can now long or short $ALGO, $IOTA, and $SAND 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/ALGO https://app.hyperliquid.xyz/trade/IOTA https://app.hyperliquid.xyz/trade/SAND

Weekly Update Tech + As mentioned in the ⁠API announcements channel, the tick formula was updated to allow all integer prices regardless of number of sig figs. For example, after the change 123456 will be a valid price for BTC-USD. + Please continue to submit any findings for the testnet EVM bug bounty with a minimal reproducible example via Discord ticket. Thank you for your reports! Product + Misc UI improvements: Language in withdrawal modal was updated to explain transferring from Perps to Spot balances, improved notification dismissal animations on mobile, use trigger price instead of BBO for Stop Limit order warnings, etc. Trading + XLM and CHILLGUY perps were listed + OI reached a new ATH of >$2.5B Community Highlights + Parsec built a testnet HyperEVM explorer: https://testnet.purrsec.com/. Please share feedback with the Parsec team + Notifi supports alerts for token prices, liquidation risks, and more on HL: https://x.com/notifinetwork/status/1859794066407371068?s=46&t=FzB82NK1Ig2kb_HLvfwl3A + https://pvp.trade/ is running a trading competition: https://x.com/pvp_dot_trade/status/1861427350447005775 + ASXN has written several reports on Hyperliquid: https://data.asxn.xyz/ Points + 16.4M points were distributed for activity in May, October, and early November. Sybil clusters were slashed, with their points multiplied by 2% or 20% based on the scale of sybil activity. Genesis Event + The HYPE genesis event will take place at 07:30 UTC on November 29. + Note that higher network congestion on the L1 is expected around the genesis event. Deposits & withdrawals may also take longer than usual due to congestion on the Arbitrum bridge around the genesis event.

Please see the following message from the Hyper Foundation twitter account: https://x.com/HyperFND/status/1862007773191708760 Blog post: https://hyperfnd.medium.com/hype-genesis-1830a4dc2e3f Note that higher network congestion on the L1 is expected around the genesis event, which will occur at 07:30 UTC on November 29.

Hyperliquid’s vision is to create a fair new financial system for all. All users are important, no matter their volume or account value. Real users receive fewer points when large-scale sybil farms try to game the system to receive more than their fair share. Investigation by different research teams identified that over 27,000 addresses operated by approximately 100 individuals attempted to receive disproportionately more points through large-scale and systematic inorganic behavior. These addresses’ points were multiplied by 2% or 20% based on the scale of sybil activity. Affected addresses include a line on the Points page saying, “Sybil behavior detected.” The end result is a larger fraction of points going to real users. In addition, 8M points were distributed for activity in May and 8.4M points for activity in October and early November. In sum, the final number of points is 57.9M.

By community request, you can now long or short $CHILLGUY with up to 3x 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/CHILLGUY

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

Update Tech + See ⁠API announcements in Discord or TG for improvements to builder codes and api-related updates + Please continue to submit any findings for the testnet EVM bug bounty with a minimal reproducible example via Discord ticket. Thank you for your reports! Trading + New ATHs were reached in open interest ($2B) and 24h volume ($6B) + PURR and PNUT perps were listed Community Highlights + Shoutout to HypurrCo x HyperActive x CL for hosting an awesome event at DevCon: https://x.com/hypurr_co/status/1857369316003545138 + Jeff discussed what drives him, the vision for Hyperliquid, and how Hyperliquid stands apart from other blockchains in this podcast: https://www.youtube.com/watch?v=WeRh589I76o + Copin supports copy trading on HL: https://x.com/Copin_io/status/1853347962837143926 + Using builder codes, Okto supports trading on their mobile app: https://x.com/okto_web3/status/1853437295329997176 + Vooi, a perp dex aggregator, integrated HL: https://x.com/vooi_io/status/1859115693679001684 + Katoshi supports alerts for their HL trading bots, which are compatible with TradingView: https://x.com/KatoshiAI/status/1856747332324282673 + Hyperterminal displays trading details of top leaderboard users: https://x.com/hyterminal/status/1858199880466129034 + Pine Analytics shared stats on the Arbitrum bridge: https://x.com/PineAnalytics/status/1855977363596595501 + Monk made a map of early builders in the HL ecosystem: https://x.com/defi_monk/status/1856094194294473178 Points + Points will be distributed next week and will include activity in May, October, and early November

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

The past few days have seen record highs in OI ($2B) and 24h volume ($6B). OI hit new ATHs five days in a row.

When Shift Happens podcast with Jeff Jeff discusses what drives him, the vision for Hyperliquid, and how Hyperliquid stands apart from other blockchains to support a full-fledged financial ecosystem. https://www.youtube.com/watch?v=WeRh589I76o

Hyperliquid reached a new all-time high in open interest of >$1.5B.

By community request, you can now long or short $PURR with up to 3x 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. Note that the PURR-USD oracle is USDC-denominated instead of USDT-denominated. As with all other perps, PURR-USD is USDC-margined. Hyperliquid spot has been added to the list of oracle sources with weight 1. https://app.hyperliquid.xyz/trade/PURR

Biweekly update Product + Updated info bar to display social media links for spot assets. Appreciate your patience while there is a backlog of spot assets to be updated + Added different layout options for the Order Book and Trades + Enabled opting out of spot dust conversions by selecting "Opt Out of Spot Dusting" in the Settings dropdown + Misc UI improvements Tech + Shoutout to Cain from Ambit Labs for his testnet EVM report: Transfer from EVM to native spot did not credit deposits with more precision than wei decimals on native spot token. This has been fixed to floor to the maximum integer multiple of wei. + Please continue to submit any findings for the testnet EVM bug bounty by opening a Discord ticket with a minimal reproducible example. Thank you for your reports! Trading + SCR converted from a hyperp to a regular perp + GOAT, kNEIRO, NEIROETH, MOODENG, and GRASS were listed Community Highlights + Added a ⁠Vietnamese language channel in Discord + Coinalyze integrated Hyperliquid: https://coinalyze.net/bitcoin/usd/hyperliquid/btc/price-chart-live/ + Push Protocol now provides liquidation and positions alerts for Hyperliquid: https://x.com/pushprotocol/status/1851625233654153716 + HypurrCo, HyperActive, and CL are hosting a brunch at DevCon: https://lu.ma/rctxq98m

By community request, you can now long or short $GRASS with up to 3x 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/GRASS

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

By community request, you can now long or short $GOAT with up to 3x 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/GOAT

By community request, you can now long or short $NEIRO and $NEIROETH with up to 5x leverage. Listings are 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/kNEIRO https://app.hyperliquid.xyz/trade/NEIROETH

The SCR hyperp has converted to a regular perp. You can now long or short $SCR 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/SCR

Please see the following message from the Hyper Foundation twitter account: https://x.com/HyperFND/status/1845851735363027270

The spot deploy minimum gas will be increased from 100 USDC to 10k USDC on the next network upgrade. This change prevents unnecessary native spot state bloat. For reference, there are currently more than 100k addresses holding native spot balances. This number is expected to increase significantly. Due to adjustments to automatic spot dusting based on user feedback, the spot state will be pruned much less frequently. As a natural progression after the HyperEVM release, projects will be able to begin building on the EVM and can then deploy on the native spot order book when they are ready.

Weekly update Product + Spot dust conversion now has an additional condition that the balance be less than the lot size of the spot asset. Note that users are always able to sell spot if the order leaves them with less than 1 lot size worth of the token, after which the remainder is eligible for dust conversion. Separately, in a future update, users should be able to opt out of spot dusting entirely. + Misc. UI improvements Tech + A new role has been added to the Discord server for updates related to the #node-operators channel. React in the #server-roles channel to be pinged for future updates. Trading + SCR hyperp was listed

By community request, Hyperliquid has listed $SCR-USD hyperp. You can now long or short the unlaunched Scroll token with up to 3x leverage. Hyperps do not rely on 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. Trading is on low leverage and isolated margin only. Beware of low liquidity, high volatility, potentially extreme funding, and increased liquidation risk. Note: $SCR-USD will convert to a vanilla perp upon CEX spot listing. $SCR-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/SCR

The Arbitrum bridge was locked earlier today due to an automatic monitoring process run by L1 validators. The locking process relies on many major Arbitrum RPCs and ensures that the L1 and Arbitrum state are synced. The locking mechanism is meant as a last resort to prevent exploits. In this case, the locking was a false positive. An extremely rare edge case occurred where multiple RPCs served inconsistent data between transactions and state. This is not an error by the RPC providers because there is no guarantee of temporal consistency between endpoints, especially on a high throughput network like Arbitrum. However, it is extremely rare that many RPCs agree exactly on their out-of-date data, which caused a locking condition to be hit. The overall locking mechanism is conservative because losing user funds is a far worse outcome than occasional downtime. This was the first locking incident in over one year of continuous operation. Thank you to the Arbitrum team for prompt assistance in looking into the issue. Improvements are being made to the monitoring process to prevent the same false positive from triggering in the future. All user funds are safe.

Weekly update Product + Released builder codes, which let anyone permissionlessly monetize applications on the L1. You can read more in Jeff's tweet: https://x.com/chameleon_jeff/status/1841392573199585291 + Added mobile login via desktop QR code scan. This now works by scanning directly from your camera app, in addition to from the PWA or mobile browser. + Updated API page to include expiration date per agent wallet (aka API wallet) + Included the claiming of referral rewards as a row in the Deposits and Withdrawals table. Rewards claims need to be >1 USDC to be processed. + Misc UI improvements Tech + Please continue to submit any findings for the testnet EVM bug bounty via Discord ticket with a minimal reproducible example. The bug bounty scope includes any part of the system that touches the EVM, including the EVM state transitions, EVM interaction with the L1, and JSON-RPC. Trading + HMSTR was listed. EIGEN converted from a hyperp to regular perp. + OI reached a new ATH of >$1.4B Points + L1 points for weeks 17 and 18 (Sep 18-24 and Sep 25-Oct 1 were distributed) + An announcement will be posted about May points once they are distributed Note: As always, Hyperliquid has never raised external capital and has no advisors. Any claims otherwise are false.

Many users were frustrated with flaky third-party mobile wallets. Now you can bring your desktop trading to mobile with a simple scan. Instructions: https://hyperliquid.gitbook.io/hyperliquid-docs/onboarding/connect-mobile-via-qr-code

The EIGEN hyperp has converted to a regular perp. You can now long or short $EIGEN 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/EIGEN

Hyperliquid now supports builder codes, which let anyone permissionlessly monetize applications on the L1. Regional frontends, fiat onramps, mobile wallets, social trading -- all are one line of code away from earning upside proportional to their volume. This upside can be multiples of what the L1 itself charges. Builder codes are trustless and entirely onchain. They bring together the best of both worlds from CEX broker programs and permissionless, self-custodial defi. See API announcements on Discord or TG for more details.

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

Bi-weekly update Tech + The node Github has been updated with instructions on delegation. Any user can delegate the testnet native token TESTH to any validator. Staking rewards and withdrawal queue are also live on testnet, with some rudimentary endpoints to query data. More endpoints will be released with information such as staking history and validator uptime. Please flag any issues in the Discord node-operators channel + Released bug bounty for testnet EVM. See Discord announcement for more details. The bug bounty scope includes any part of the system that touches the EVM, including the EVM state transitions, EVM interaction with the L1, and JSON-RPC. Please submit any findings via Discord ticket and include a minimal reproducible example in your report. Product + As a reminder, there are now expiration times for agent wallets (also referred to as API wallets). API users should make sure to authorize new API wallets before expiration. Community Highlights + Hyperliquid Labs hosted its first community event in Singapore. It was great meeting so many users and builders and hearing about their experiences with Hyperliquid. Product improvements are already underway based on user feedback from the conference week. + HypurrCo x hyper/active x Vegas x Theo hosted a lively community meetup in Singapore as well. + Hypurr plushies were spotted around Singapore as part of a scavenger hunt and have since spread out across the world as their new owners returned home + ASXN wrote a detailed report about their Hyperliquid thesis: https://newsletter.asxn.xyz/p/hyperliquid-the-hyperoptimized-order + This is just a small subset of what the community has worked on the past 2 weeks. You can find more research, user-built tooling, apps being developed, etc. in the Discord community research channel. Trading + Open interest reached a new ATH of >$1B + POL, CATI, and CELO were listed L1 Points + L1 points for weeks 15 and 16 (Sep 4-10 and Sep 11-17 were distributed). The last distribution will take place on Oct 4.