News

https://t.co/EaiFWk9VGS

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.

The genesis event for HYPE will occur at 07:30 UTC on November 29. Hyperliquid has grown to include the largest decentralised exchange by volume, open interest, and active users. Liquidity rivals the top centralised exchanges. The user experience bridges the seamless trading on CEXs with the self-custodial ideals of a fully onchain DEX. Hyperliquid represents the ethos of crypto and decentralised finance, with the technical innovations needed to bring all finance onchain without sacrifices. While Hyperliquid has come a long way, there is much further to go. Over the past year, the scope of Hyperliquid has expanded from a DEX to a full financial system. 1. At its base, Hyperliquid is a performant, modern L1. Powered by HyperBFT, a highly optimised proof of stake consensus algorithm, disparate nodes can achieve consensus at 200k transactions per second with ~0.2 second time to finality. As the native token, HYPE will be the staked asset securing HyperBFT. 2. The perpetuals and spot DEX are examples of native components built into Hyperliquid. These components are optimised high-throughput financial primitives with which users and smart contracts can interact. For example, HYPE/USDC will be traded on the native spot order book. 3. The HyperEVM will bring full programmability to native components and general-purpose onchain state alike. HYPE will be the gas token of the HyperEVM. 4. The community includes an ever-growing set of passionate and talented builders. Hyperliquid will serve as the infrastructure layer for the next generation of trustless and performant finance built by the community. Unlike other chains, Hyperliquid features onchain monetization for user applications that is built directly into the protocol. As the native asset of the protocol, HYPE will be a crucial building block for defi applications. The HYPE genesis event marks a key milestone in the journey, unlocking core functionality at every level of the stack. For more information, see the blog post: https://hyperfnd.medium.com/hype-genesis-1830a4dc2e3f

IMPORTANT NOTICE for users who recently started using the Hyperliquid L1 and those who previously missed out: You can review and accept the Genesis Event Terms & Conditions until 23:59 UTC on November 28. Visit https://hyperfoundation.org/genesis

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

FINAL REMINDER: The period to accept the Genesis Event Terms & Conditions has been extended for 24 hours to give a final chance to those who forgot. https://hyperfoundation.org/genesis

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.

The period to accept the Genesis Event Terms & Conditions has been extended until November 13 at 04:00 UTC to give one last chance to those who forgot. https://hyperfoundation.org/genesis

Today is the last day to review and accept the Genesis Event Terms. Confirm your participation at http://hyperfoundation.org/genesis.

Thanks for having me on, Kevin! Enjoyed discussing Hyperliquid’s backstory and vision

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.

As a reminder, the deadline to review and accept the Genesis Event Terms is November 11 at 23:59 UTC. Note that the set of users eligible to participate in the genesis distribution has been increased to reflect the latest onchain data. Confirm your participation at http://hyperfoundation.org/genesis.

Yesterday's CEX listing drama highlights that even after a decade of defi, CEXs still monopolize liquidity. Builders must make a tough choice between rewarding their community and paying for distribution. Hyperliquid's vision is a unified platform to build applications and trade assets. No compromises. No rent-seeking gatekeepers.

Hyperliquid is bringing the entire financial stack onto one platform. As a proof of concept, PURR now has: 1. Native token ledger 2. Spot order book 3. Built-in oracle 4. Perps trading Each feature is built upon the previous. All live composably on the L1.

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

Hypermemes

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

This new layout is the GOAT on monitors

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