News

BitMine Immersion Technologies, Inc. (BMNR) is now live. 10x leverage, 24/7, 365.

SHEIN has transitioned to a standard XYZ perpetual. 10x leverage, 24/7, 365.

Weekly Update Product & Tech + HIP-4 permissionless deployments were enabled on mainnet Trading + PONS perps were listed; VINE perps were delisted + HyENA's HIP-3 dex is sunsetting. See information on market wind-down here: https://docs.hyena.trade/ New Teams on HyperEVM & HyperCore + Pumpfun added support for HyperEVM: https://x.com/Pumpfun/status/2092613331299291421 Community Highlights + Bloomberg wrote about Trade[XYZ]'s markets: https://www.bloomberg.com/news/articles/2026-08-24/the-500-billion-experiment-to-build-24-7-markets-on-blockchain + The Hyperliquid community event will take place on the evening of October 5 in Singapore. Please register here: https://luma.com/HL2026Community

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

By community request, $PONS perps have been listed 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/PONS

Our joint comment letter with @HyperliquidPC asks the @CFTC to open a regulated U.S. path for energy perpetuals and 24/7 trading. During this year’s oil shocks, our energy markets stayed open while benchmark markets were closed. They gave the world a live price as events unfolded. On many weekends, trade[XYZ] was the primary venue for price discovery. The events that shape our global economy rarely wait for markets to open. 24/7 markets are a natural evolution for a global economy in constant flux. The U.S. has an opportunity to lead by giving perpetuals a clear and credible regulatory home.

State Street SPDR S&P Biotech ETF (XBI) is now live. 10x leverage, 24/7, 365.

The Pre-IPO Perpetual (IPOP) Market for SHEIN is now live. SHEIN is a pre-IPO market reflecting the market-implied expected price per Class B ordinary share of SHEIN Global Holdings Limited, expected to list on HKEX (code 0625). SHEIN is an online fashion and lifestyle retailer selling own-brand apparel and third-party marketplace products. After the IPO, the oracle will convert the HKD share price to USD at the prevailing USD/HKD FX rate.

Perpetual contracts were not on the agenda at the @CFTC's first Innovation Advisory Committee meeting, but they still came up in every session, in a room with some of the biggest names in finance. Today, we submitted a statement supporting the Commission's work to bring perpetual futures markets onshore and keep them at the center of the innovation agenda. Read it here:

https://x.com/i/article/2092943651911483392

The Hyperliquid community event will take place on the evening of October 5, 2026 in Singapore: https://luma.com/HL2026Community This is a chance to spend time with the builders and users who've shaped the ecosystem over the past years. If you're with a project or institution, please share your team and role as well as social media handles when you register. The event will be extremely oversubscribed, so this will make it easier to review your request. Event details will be shared closer to the date.

Oil prices move 24/7. The markets that American businesses use to hedge them do not. Today, HPC and @tradexyz filed a joint comment letter asking the @CFTC to open a regulated path for energy perpetual contracts and 24/7 trading in the United States. During February's oil shock, roughly two-thirds of the weekend price move had already occurred onchain before U.S. futures reopened Sunday evening. The next crisis should find American businesses able to manage their risk in real time, under CFTC oversight.

https://x.com/i/article/2092582518595649536

The world's largest markets for perpetual contracts grew offshore because U.S. regulators hadn’t answered a basic question: are they futures or swaps? The CFTC began answering that question in May, allowing the first perpetuals to list on a U.S. exchange as futures contracts. Today, we asked both the @SECGov and @CFTC to confirm that equity perpetuals can be listed as security futures. That confirmation would provide the clarity necessary to bring these products onshore.

http://x.com/i/article/2091857718545965056

Weekly Update Product & Tech + HIP-1 spot annotations and deployer labels are now supported. For details, see the API announcements channel + HIP-4 templates on testnet are pending builder feedback; see the API announcements channel + See Docs re: infra providers' peering services that builders can connect to: https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/nodes/foundation-non-validating-node-for-infra-providers Trading + Validators will vote on whether to delist VINE around 9:30 UTC on 26 Aug based on stalequant's methodology. If validators vote to delist an asset, the perps will settle to the 1 hour time weighted spot oracle price before the scheduled delisting voting time, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, no new orders will be accepted. New Teams on HyperEVM & HyperCore + Base app integrated Hyperliquid perps via builder codes: https://x.com/baseapp/status/2090122188074491951 + Trezor added support for HyperEVM: https://x.com/Trezor/status/2090813911217946848 Community Highlights + POTUS mentioned Hyperliquid in a recent press conference: https://www.bloomberg.com/news/articles/2026-08-19/trump-opens-door-to-hyperliquid-as-us-pulls-crypto-trade-onshore

1/ Over one weekend in March, WTI closed at $91.03 and reopened at $106.61, a 15.8% move. The onchain oil perpetual was open for all 49 hours in between. The benchmark was not. Today, we published research showing how 24/7 perpetuals like these expand U.S. derivatives markets.

http://x.com/i/article/2090785864418766848

Hyperliquid.

Moderna (MRNA) is now live. 10x leverage, 24/7, 365.

Someone recently shared this paper with me, which rigorously studies the execution improvement of visible TWAPs on Hyperliquid: "Trading in the Sunshine or in the Shade: Market Impact and Adverse Selection on Hyperliquid," by Davide Barone and Fabrizio Lillo. In physics, theorists can say all they want, but the case isn't closed until an experimentalist comes with the cold hard data. So thank you to the authors of this paper for their hard work! The paper demonstrates that liquidity net tightens as onchain TWAPs surface, improving the average execution of the TWAP order. This has been a deeply personal question for me. Even before building Hyperliquid, I've defended from first principles that transparent trading ought to improve execution for non-toxic flow. This is a corrollary of the efficient market hypothesis, but the amount of pushback always surprised me. I've quote tweeted a previous post where I make the argument in detail. Transparency and equal access bring improved execution over traditional private venues. It's an honor to build with everyone to upgrade the financial system with onchain technology.

Parameter updates following this transition: Max leverage: 10x Funding multiplier: 0.5x Discovery bound range: 20% Discovery bound resets: 2 For more information, see our docs: https://docs.trade.xyz/consolidated-resources/specification-index

UNITREE has transitioned to a standard XYZ perpetual. 10x leverage, 24/7, 365.

Crowdstrike (CRWD) is now live. 10x leverage, 24/7, 365.

Cloudflare (NET) is now live. 10x leverage, 24/7, 365.

Roundhill's Magnificent Seven ETF (MAGS) is now live. 10x leverage, 24/7, 365.

Reddit is now live. 10x leverage, 24/7, 365.

AAOI is now live. 10x leverage, 24/7, 365.

Capital markets thrive when price discovery is open and continuous. Hyperliquid was built for both. Our joint letter with @HyperliquidPC explains how pre-IPO perpetuals can complement the IPO process and support more informed capital formation.

IREN is now live. 10x leverage, 24/7, 365.