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

By community request, Hyperliquid has listed LIT-USDC hyperps. You can now long or short the unlaunched Lighter token with up to 3x leverage.

As a reminder, hyperps do not rely on any 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.

Trading is on low leverage and isolated margin only. Beware of low liquidity, high volatility, potentially extreme funding, and increased liquidation risk. Note: LIT-USDC will convert to a vanilla perp upon CEX listing. See Docs for more.

LIT-USDC 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. NFA.

https://app.hyperliquid.xyz/trade/LIT

Update

Product & Tech
+ The pre-alpha stage of portfolio margin and HyperCore lending went live on mainnet, allowing users to trade spot and perps from the same account without selling collateral. The pre-alpha stage has intentionally low caps as safeguards, with HYPE as the only collateral asset and USDC as the only borrowable asset.
Thank you to everyone who has tested and shared feedback so far! There have been several updates based on user input; please continue sharing your feedback in the Discord server
+ Pre-compile gas cost was reduced by approximately half to 1000 + 33 * (input_len + output_len)

New Teams on the HyperEVM & HyperCore
+ Bitget wallet integrated Hyperliquid for perps trading: https://x.com/bitgetwallet/status/2003410073171964277

Community Highlights
+ HYPE in the Assistance Fund system address of 0xfefe was formally recognized as burned based on stake-weighted consensus, with 85% of stake voting for burning, 7% against, and 8% abstaining
+ There's a gift box emoji (🎁) on the Portfolio page as a thank you to top traders and builders over the past year. If you'd like to receive a physical package, please sign the message and follow-up via Discord ticket by Jan 5 EOD UTC: https://x.com/HyperliquidX/status/2003745949898932236
+ ASXN released a Hyperliquid recap for 2025: https://x.com/asxn_r/status/2004529933922758830

Hyperliquid today looks very different from Hyperliquid a year ago. This time last year, the HyperEVM hadn’t even launched, and there were only a handful of early believers building exclusively on Hyperliquid. Now, there are hundreds of teams building, dozens of regional communities with local events, and trillions more in volume traded.

This was achieved without any external funding and giving all protocol fees to the community. Hyperliquid was built with a strong belief in returning to the core ethos of crypto - changing entrenched and predatory practices to be fair and permissionless.

This art piece is meant to celebrate Hyperliquid’s growing ecosystem and commemorate how far we’ve come as a community in building the house of all finance. You’ll find many of your favorite apps and teams interwoven in the piece if you zoom in. A special thank you to Degen_Alfie (https://x.com/Degen_Alfie) for bringing the community to life. Many great teams didn’t make it due to limited space and time, but your contributions have not gone unnoticed!

Notable product and tech releases in 2025 included:
+ HyperEVM launch with HyperCore composability via precompiles and CoreWriter
+ Spot assets bridged by Unit
+ Fully permissionless validator set
+ Native utility to staking, with fee discounts for traders and permissionless HyperCore deployment capabilities for builders
+ Permissionless spot quote assets
+ Hypurr NFTs
+ USDH governance vote and launch by Native Markets
+ HIP-3 permissionless perp deployment
+ Native USDC integration
+ Portfolio margin pre-alpha launch
+ Assistance Fund HYPE officially burned

Compared to 2024, ATHs in 2025 reached:
+ $32B in 24h volume from $15B in 2024
+ $16B in open interest from $4B
+ $6B in TVL from $2B
+ $20M in 24h protocol revenue from $3.5M
+ 1.4M users from 300k

Excited to see what the ecosystem looks like another year from now. Thank you to all the builders, users, and supporters who have come together to push forward Hyperliquid’s vision.

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

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

Weekly Update

Product & Tech
+ HyperCore will support outcome trading (HIP-4), a primitive that enables options and prediction markets. Development is currently underway on testnet
+ app.hyperliquid.xyz now defaults new accounts to unified account mode, which merges spot and perps balances for the same quote asset. DEX abstraction will be discontinued in approximately 1 week. Market makers and high volume automated users should disable DEX abstraction and use standard mode for higher L1 rate limits. See https://hyperliquid.gitbook.io/hyperliquid-docs/trading/account-abstraction-modes for details on account abstraction modes

Trading
+ HIP-3 markets reached a new all-time high of $5.5B in 24-hour volume

New Teams on the HyperEVM & HyperCore (in no particular order)
+ Ripple Prime clients can now trade on Hyperliquid, marking Ripple's first defi integration: https://x.com/Ripple/status/2019048504576864658
+ FalconX prime brokerage clients can now trade on Hyperliquid: https://x.com/FalconXGlobal/status/2021012720498192676
+ Zerion integrated Hyperliquid perps via builder codes: https://x.com/zerion/status/2019080961758241053
+ Silhouette launched shielded trading of HYPE/USDC: https://x.com/silhouette_ex/status/2019006577575895336
+ Coinbase added support for spot HYPE: https://x.com/CoinbaseMarkets/status/2019454256567181688

Community Highlights
+ Chris Ling shared an open source CLI to interact with Hyperliquid: https://x.com/chrisling_dev/status/2018332220117934193

The Hyper Foundation will contribute 1M HYPE tokens to support the creation of the Hyperliquid Policy Center.

The tokens will be unstaked later today. The Hyperliquid community will benefit from having representation in Washington, D.C., and we are confident that under Jake's leadership, the Hyperliquid Policy Center will have a meaningful impact in favor of clear regulations for decentralized finance.

https://x.com/HyperliquidPC/status/2024115893786067190

ZEC spot deposits, withdrawals, and trading are live on Hyperliquid through Unit.

Deposit ZEC on https://app.hyperliquid.xyz/trade or https://app.hyperunit.xyz/

Trade spot ZEC at https://app.hyperliquid.xyz/trade/ZEC/USDC

Weekly Update

Product & Tech
+ HIP-4 is live on testnet for user feedback. See https://t.me/hyperliquid_announcements/526 for more
+ Portfolio Margin limits have been increased. See https://t.me/hyperliquid_announcements/525 for more

Trading
+ HIP-3 markets reached a new ATH of $1.4B in open interest
+ ZEC spot trading, deposits, and withdrawals went live via Unit Protocol

New Teams on the HyperEVM & HyperCore (in no particular order)
+ Velo integrated Hyperliquid via builder codes: https://x.com/velo_xyz/status/2032443978260595199
+ Byreal integrated Hyperliquid perps: https://x.com/byreal_io/status/2031273743016919070
+ HyperLend launched compliance-gated private pools and dedicated credit facilities for institutions: https://x.com/hyperlendx/status/2030978006261322051

Community Highlights
+ Traditional news outlets have continued coverage of 24/7 price discovery on Hyperliquid, with WSJ: https://www.wsj.com/finance/commodities-futures/oil-futures-perpetual-contracts-d5496e5a, Bloomberg: https://www.bloomberg.com/news/articles/2026-03-09/oil-trades-are-booming-on-24-7-crypto-exchange-hyperliquid, Fortune: https://fortune.com/2026/03/14/hyperliquid-iran-oil-trade-weekend-markets-24-7/, and FT: https://www.ft.com/content/04ff96ba-90bb-4111-8a8b-cc5bcd05d0db
+ Rajiv built a fee dashboard with views by market and address: https://x.com/rajivpoc/status/2031829619104731185

Weekly Update

Product & Tech
+ Fiat onramping is live for initial testing on app.hyperliquid.xyz, powered by Swapped

Trading
+ S&P Dow Jones Indices partnered with Trade[XYZ] to launch the first and only officially licensed S&P500 perpetual derivative on Hyperliquid, enabling 24/7 trading of the S&P500: https://x.com/tradexyz/status/2034260987197444255, https://www.wsj.com/finance/s-p-500-owner-jumps-into-24-7-futures-for-index-on-crypto-exchange-6c65696b, https://www.bloomberg.com/news/articles/2026-03-18/booming-crypto-exchange-gets-official-s-p-data-in-tradfi-push
+ HIP-3 markets reached new ATHs of $1.7B in open interest and $5.9B in 24h volume

New Teams on the HyperEVM & HyperCore
+ Coinbase added support for USDC on the HyperEVM: https://x.com/CoinbaseMarkets/status/2033596658949198067

Community Highlights
+ Hype Global (Imperator) and Hyperliquid FR are hosting an event for builders during ETHCC in Cannes on March 31: https://x.com/hypeglobal_/status/2035273993834701186.
+ See more upcoming events with HypurrCo here: https://x.com/hypurr_co/status/2036008468801544571

A Hyperliquid mobile app is live on the Google Play Store as an initial MVP for testing. Android users can access the app here: https://play.google.com/store/apps/details?id=xyz.hyperliquid.app

The initial MVP is intentionally limited in scope, only including notifications for fills. It is meant to be an incremental upgrade from the PWA to iterate on early feedback re: feature prioritization and device-specific issues. During this testing period, there will be a limited number of downloads. Feedback is greatly appreciated.

Note that this is an initial MVP. If you wish to disable notifications, you can uncheck "Enable Push Notifications" in the Settings dropdown. Additional work is planned to improve notification configuration.

Important: Do not interact with fake apps in the Play Store and only use the link above.

Weekly Update

Product & Tech
+ Gossip and order priority fees are now live on mainnet. See https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/priority-fees for details. Note that the maximum order priority fee was reduced from 20 bps to 8 bps based on user feedback. Order priority fees currently only apply to IOC orders on HIP-3 assets.

Trading
+ The vault creation gas fee increased from 100 USDC to 10k USDC. This is meant to gradually deprecate legacy HyperCore vaults, which have been feature frozen for ~2 years. Vaults can be tokenized in a more configurable way as smart contracts on the HyperEVM using precompiles and CoreWriter.

New Teams on the HyperEVM & HyperCore (in no particular order)
+ USDH launched zero-fee and zero-slippage fiat on and offramp: https://x.com/nativemarkets/status/2041901395566030923
+ Hyperbeat launched their full liquid banking product: https://x.com/hyperbeat/status/2041878671179321849
+ Azura integrated Hyperliquid via builder codes: https://x.com/AzuraTrade/status/2042301690125435200

Community Highlights
+ Colossus magazine published a profile on Jeff and Hyperliquid. A big thank you to Dom Cooke for telling this story: https://colossus.com/article/beyond-the-sky-jeffrey-yan-hyperliquid/
+ Shaunda shared a dashboard to track Trade[XYZ] off-hours data: https://x.com/shaundadevens/status/2042956575564833007
+ Hyperliquid IDN is hosting an event in Jakarta on April 23: https://x.com/hyperliquid_idn/status/2032587275620724895
+ HypurrCo shared the latest info on regional chapters: https://x.com/hypurr_co/status/2042793135751991316

Weekly Update

Product & Tech
+ Reminder that DEX abstraction will be deprecated two network upgrades from now. See https://hyperliquid.gitbook.io/hyperliquid-docs/trading/account-abstraction-modes for details. Builders should take this opportunity to entirely discontinue DEX abstraction in their integration. Unified account is likely the best default for most users, as it merges spot and perps balances and supports cross margin for HIP-3. Automated traders should use Standard abstraction for the highest rate limits.

Community Highlights
+ Community events are taking place in HK (April 21), Jakarta (April 23), SF (April 23), and Bangkok (April 24) over the next week: https://x.com/kirbyongeo/status/2044728325067993319

Save the date: the Hyperliquid annual event will take place on October 5, 2026 in Singapore during the Token2049 week. Details will follow closer to the event.

Sharing the date in advance so builders and users in the ecosystem can plan travel.

Weekly Update

Product & Tech
+ Portfolio margin limits have been increased: max account value to activate PM has increased to $5M and supply and borrow limits have increased according to global utilization. See Docs for more: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/portfolio-margin.
+ Outcome trading now supports multi-outcome markets (aka "questions"). Different outcomes within a multi-outcome market are tied via "split" and "negate" operations. "Split" and "merge" have also been implemented for binary markets. The first multi-outcome market is a recurring BTC price range market that settles daily at 06:00 UTC to the BTC-USDC mark price on Hyperliquid. See Docs for more: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/contract-specifications#recurring-outcomes. Additional features and markets will continue to be rolled out in stages.

New Teams on the HyperEVM & HyperCore (in no particular order)
+ Ledger integrated Hyperliquid via builder codes: https://x.com/Ledger/status/2052025614018675054
+ Onchain cc by Bitso integrated Hyperliquid via builder codes: https://x.com/onchaincc/status/2052856236555517984
+ Blockaid added support for HyperCore: https://x.com/blockaid_/status/2052114208704356824
+ Predictefy added support for HIP-4: https://x.com/Predictefy/status/2053836555043942432
+ Liminal launched limUSD, yield-bearing tokens: https://x.com/liminalmoney/status/2051679757129941346
+ Arcex built a mobile app for trading on Hyperliquid: https://x.com/ArcexApp/status/2052172389253845506

Community Highlights
+ Phantom reached $20M in builder code revenue on Hyperliquid in less than a year: https://x.com/HyperliquidX/status/2053970679846834202
+ BAYN made an interactive map of the Hyperliquid ecosystem: https://x.com/baynPSD/status/2051748336219349137
+ HypeRPC / HYPE Global hosted an event in Miami during Consensus: https://x.com/hypeglobal_/status/2054443071107141785
+ The Hyperliquid annual event will take place on October 5 in Singapore during Token2049 week - this date is being shared in advance so builders and users can plan travel
+ Jeff will be speaking at KBW in Seoul this fall: https://x.com/kbwofficial/status/2052790007392535019

Weekly Update

Product & Tech
+ Hyperliquid now supports canonical outcome (HIP-4) markets based on offchain events, with the first markets being May CPI year-over-year change and the June federal funds rate change. HIP-4 markets also now use USDC as the quote asset
+ Updated Docs on Account Type and Portfolio Margin to help answer user questions: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/account-abstraction-modes, https://hyperliquid.gitbook.io/hyperliquid-docs/support/faq/portfolio-margin

Trading
+ BLAST, CHILLGUY, FTT, and TST were delisted

New Teams on the HyperEVM & HyperCore (in no particular order)
+ Bounce deployed a leveraged token product: https://x.com/BounceTech/status/2056740906565320843
+ MoonPay fiat onramp integrated HyperCore USDC: https://x.com/moonpay/status/2057814699480125807
+ Worm terminal added support for HIP-4: https://x.com/wormwtf/status/2056414229193011698

Weekly Update

Product & Tech
+ The permissionless validator set increased to 27
+ USDT was added as a borrowable asset to portfolio margin

Trading
+ HIP-3 markets reached a new ATH of $3.1B in open interest

New Teams on the HyperEVM & HyperCore (in no particular order)
+ Talos integrated Hyperliquid for its institutional clients: https://x.com/talostrading/status/2059243635137196347
+ Trust Wallet added support for HIP-4: https://x.com/TrustWallet/status/2060335232008474996

Community Highlights
+ hl.eco built a Hyperliquid dashboard: https://x.com/hl_eco/status/2058896726551867573
+ The French HL community is organizing an event today in Paris: https://x.com/HyperliquidFR/status/2061354109882466762