Thank you to everyone who joined the community event in Singapore yesterday! It was great meeting so many users and builders and hearing about their experiences with Hyperliquid. Back to work today on improving the product.

Following the MATIC to conversion, you can now long or short with up to 10x 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/POL

Bi-weekly update Tech + Validating nodes are live on testnet. You can read more here: https://github.com/hyperliquid-dex/node and discuss in the Discord node operators channel. If you would like to be whitelisted, please run a non-validating node first and then share your address in a Discord ticket. There is a lot of interest in being a validator; thank you for your patience during this gradual rollout as the system is being tested and improved based on user feedback. Please note that testnet is under active development and may be down from time to time. Product + Based on user feedback, agent wallets (also referred to as API wallets) will start enforcing expiration times following the next network upgrade. See more in ⁠the API announcements channel. + Updated Support link in footer to be a traditional ticket format with email correspondence + Misc. improvements, e.g., improving rate limiting issues for frontend users, optimizing token selector rendering Community Highlights + ValiDAO mapped testnet nodes: https://x.com/validaoxyz/status/1833150888925626727 + HyperScanner shared a write-up about vaults: https://x.com/hyper_scanner/status/1833526731157995548 + HypurrCo posted an overall guide: https://x.com/hypurr_co/status/1833446077951054088 + HyBridge now supports crosschain swaps to deposit to Hyperliquid: https://x.com/HyBridgeHL/status/1831396387747156153 + This is not comprehensive; many community members' great work can be found in ⁠the community research channel in Discord Trading + kDOGS was listed; MATIC was delisted L1 Points + L1 points for Weeks 13 and 14 (Aug 21-27 and Aug 28-Sep 3) were distributed. Points distributions take place on Fridays

MATIC-USD will be delisted on September 9 at 07:30 UTC as part of Polygon's migration from MATIC to POL. All positions will be settled at mark price, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, MATIC-USD perps will be delisted, and no new orders will be accepted.

By community request, you can now long or short kDOGS with up to 5x leverage. kDOGS tracks 1,000 times the DOGS price. 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/kDOGS

Work on the L1 and HyperEVM has been progressing quietly over the past months. During this time, it's been rewarding to see the community thrive. Thank you to the many users who have been building tools and apps, supporting one another, and spreading the word about Hyperliquid. (Collage courtesy community member, mogie)

Bi-weekly update Product + Updated token selector: improved rendering speed, added Perps and Layer 2 as categories + Fixed high memory usage on app.hyperliquid.xyz Trade page; please flag in the Discord server ⁠if you're still seeing very high memory usage when you leave the tab / window open + Misc. improvements Community Highlights + Hypurr plushies have arrived in Singapore and are excited to make new friends at the community side event. You can RSVP here: https://lu.ma/hyperliquid2024 + Stalequant shared analysis on the all-in cost of trading on Hyperliquid vs CEXs: https://x.com/laurentzeimes/status/1824122611829219630 + Hypurr_co is collating an ecosystem map: https://east-opal-e86.notion.site/74646ecaa49847728c908d5c60760e4a?v=0968f0a0feeb49dc874425ca00e88d6f + Crowdfunding spot tokens is possible through HypurrPump: https://t.me/+GRIwAPnAUBk4ODE0 + Pvp.trade lets you trade with your friends in a clan against other clans: https://pvp.trade/ + HyBridge bridges assets from 6 different EVM chains to Hyperliquid: https://x.com/HyBridgeHL/status/1826378908171903278 Trading + Open Interest reached a new ATH of >$800M L1 Points + L1 points for Weeks 11 and 12 (Aug 7-13 and Aug 14-20) were distributed. Points distributions take place on Fridays

Bi-weekly update Product + Updated market cap to exclude non-circulating balances on the token explorer page and trade page + Miscellaneous improvements: reduced lag when using the slider, cleaned up checkbox enabling/disabling, improved error messages when swapping USDT or USDC.e for <5 USDC, etc. Community + Insilico Terminal now supports Hyperliquid; Jeff joined a twitter spaces with Flood from Insilico to discuss the integration + Tradestream, a trading journal, integrated Hyperliquid: https://x.com/tradestream_xyz/status/1823734377937015184 + Hypurr Pump launched on Telegram: https://t.me/+GRIwAPnAUBk4ODE0 + Rage Trade's $RAGE went live on the Hyperliquid L1 + Abhi from Theo shared notes on the HyperEVM: https://x.com/abhiii53/status/1821234175212667080 + Community members often do a better job with extensive recaps these days, e.g., from HypurrCollective: https://x.com/hypurrco/status/1822605796892705128 Trading + 24h perps volume reached a new ATH of >$4.3B on August 5; 24h liquidations also reached a new ATH of >$345M + RENDER was listed; CANTO was delisted L1 Points + L1 points for Weeks 9 and 10 (July 24-30 and July 31-Aug 6) were distributed. Points distributions take place on Fridays

CANTO-USD will be delisted on August 13 at approximately 08:30 UTC. All positions will be settled at mark price, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, the perps will be delisted, and no new orders will be accepted.

One of the community's most requested integrations is now complete. Trade on Hyperliquid using Insilico.

Following the RNDR conversion, you can now long or short 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/RENDER

Bi-weekly update Tech + Non-validating nodes: bug fixes and reliability improvements. Updates will continue to be shared in the Discord server Product + Enabled spot dust conversion, which happens daily at 00:00 UTC for balances <1 USDC + Changed Hide Small Balances from 1 USDC to 10 USDC + Miscellaneous improvements: removed delisted assets from funding comparison table, tweaked buy/sell icons, fixed spot dusting hash, etc. Community + Rage Trade's $RAGE token sale on Fjord Foundry begins on July 31. $RAGE will go live on the Hyperliquid L1 within 3 days of the public sale's conclusion: https://www.app.rage.trade/token-sale + Jan added spot market stats to https://www.purrburn.fun/stats and made https://www.heyjeff.fun/ to help folks convert <1 JEFF balances to USDC + Igor is building a "CoinMarketCap" for the Hyperliquid L1: https://x.com/Liquid_Start/status/1815843937829208346 + Shoutout to Louis for continuing to push updates to https://hypurrscan.io/ + Messari shared a report on Hyperliquid: https://x.com/defi_monk/status/1816490915738849611 + Many other great user threads can be found in the community research channel in the Discord server Perps + MEW was listed; RNDR was delisted L1 Points + L1 points for Weeks 7 and 8 (July 10-16 and July 17-23) were distributed. Points distributions take place on Fridays

By community request, you can now long or short 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/MEW

Note: the RNDR perp delisting will take place at approximately 11:00 UTC (in ~3 hours) instead of 08:00 UTC

Bi-weekly update Tech + Non-validating nodes: Testnet now supports running permissionless non-validating nodes. Please share feedback in the node-operators channel in Discord Product + Included Hide PNL option in Settings dropdown + Added wei size and minimum lot size to token explorer pages + Improved display / loading on different screen sizes + Changed to display Cancel All column on desktop before establishing connection + Miscellaneous UI improvements Community + Rage Trade announced that $RAGE will launch on the Hyperliquid L1 in August: https://x.com/rage_trade/status/1810630793544527956 + Parsec shared their bridge dashboard and brief write-up: https://x.com/parsec_finance/status/1811761305877184587 https://x.com/parsec_finance/status/1812838194632888466 + mogie made a Dune dashboard for USDC flows: https://x.com/mogie__/status/1812643700163432726 + A user shared their funding rate dashboard: https://x.com/worstcontrarian/status/1809057667232772278 + Kaito AI tracked the increase in Hyperliquid mindshare: https://x.com/_kaitoai/status/1812139453789491511 + Added a Turkish language channel in the Discord server + Added builders and node-operators channels in the Discord server so there is a dedicated place for discussion and for the community to help each other with integration questions Perps + RNDR perps will be delisted on July 21 at 08:00 UTC L1 Points + L1 points for Weeks 5 and 6 (June 26-July 2 and July 3-9) were distributed. Points distributions take place on Fridays

Last week, Rage Trade announced that $RAGE would debut on the Hyperliquid L1. For many projects, listing on a CEX is a crucial part of the journey. Hyperliquid is an alternative with built-in order book liquidity and CEX-like UX. Why launch your token on the Hyperliquid L1? 1. Ensure liquidity without having to work with 3rd parties. HIP-2 (Hyperliquidity) seeds permanent liquidity on the order book that synergizes with other users' orders. Seeded liquidity can be a mix of USDC or the token itself, just like AMMs. 2. Capture the attention of 100,000+ onchain traders, for whom Hyperliquid is the platform of choice. 3. Build and trade on the same chain, without needing to trust a CEX to hold your token. Furthermore, when the EVM goes live on mainnet, smart contracts and onchain order book liquidity will trustlessly compose on the Hyperliquid L1. More builder-friendly features are in the works to solidify Hyperliquid as the best platform to build and trade on.

RNDR-USD will be delisted on July 21 at 08:00 UTC. All positions will be settled at mark price, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, the perps will be delisted, and no new orders will be accepted.

Happy points Friday. L1 points for Week 6 have been distributed. Newcomers, welcome to the Hyperliquid L1.

There are reports of some defi frontends being compromised. Funds on the Hyperliquid L1 are safe and unaffected. The hyperliquid.xyz frontend is secure and experiencing no issues. The situation is being monitored. If you have questions, the Discord server is the best place.

Rage Trade will be launching $RAGE on the Hyperliquid L1 on August 7. Read more from the Rage Trade team: https://x.com/crypto_noodles/status/1810268446459822186

Bi-weekly update Perps + Listed perps for BLAST and LISTA + Converted ZRO to vanilla perp + Delisted perps for NFTI, OX, PANDORA, SHIA, and UNIBOT Tech + Testnet supports transferring spot assets between the L1 and the EVM. Spot assets on the L1 are called “native spot” while ones on the EVM are called “EVM spot”. The spot deployer can link their native spot asset to any ERC20 contract deployed to the EVM. You can read more in the Discord / Telegram API announcements channels Product + Added average entry price, PNL, and PNL share cards for spot assets. Note: spot entry price and PNL started being tracked as of 08:20 UTC on July 3. Pre-existing spot balances are assigned an entry price equal to the first trade or send after the feature was enabled. See Docs for more: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/entry-price-and-pnl#spot + Updated Performance section of Portfolio page to switch between Perps vs Perps + Spot + All for Portfolio page + Added spot equity column to Subaccounts table + Added full screen option to TV chart on mobile and desktop + Changed minimum deposit amount to 5 USDC + Enabled “full names” for user-deployed spot as part of Step 1, which display on the token contract page and in the description modal + Other miscellaneous UI improvements L1 Points + L1 points for Weeks 3 and 4 (June 12-18 and June 19-25) were distributed. Points distributions take place on Fridays

Recent updates: In the coming weeks the minimum deposit amount for new addresses will be increased to 5 USDC. The frontend will be updated to prevent such deposits in the coming days. Deposits below the minimum amount will no longer be credited starting no earlier than July 11th at 08:00 UTC. Based on user feedback, the Hyperliquid L1 will automatically convert spot token dust to USDC. This operation will be triggered automatically once per day for balances worth less than 1 USDC. Users who want to keep their dust can make sure they hold enough balance by July 11th at 00:00 UTC.

Happy points Friday! L1 points for Week 4 have been distributed.

By community request, you can now long or short 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/LISTA

By community request, you can now long or short 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/BLAST

BANANA-USD, NFTI-USD, OX-USD, PANDORA-USD, SHIA-USD, and UNIBOT-USD, will be delisted on June 27 at 08:00 UTC. All positions will be settled at mark price, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, the perps will be delisted, and no new orders will be accepted.

L1 points for week 3 have been distributed. Thanks to community member Chris D for the spot markets collage!

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 and + Listed hyperp for , which converted to a vanilla perp today + Postponed delisting of 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

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