HIP-1 and HIP-2 will soon open up for users to permissionlessly deploy on the Hyperliquid L1.
To recap, HIP-1 is a standard to deploy native tokens and onchain spot order books. HIP-2 permanently commits liquidity to a spot order book for HIP-1 tokens and synergizes with users' own order book liquidity.
Since their announcement, HIP-1 and HIP-2 were adjusted based on user feedback. The most significant addition is that an HIP-1 genesis distribution can now include existing HIP-1 tokens as an anchor. I.e., at the genesis of the new token, a specified portion will be distributed proportionally to holders of another HIP-1 token.
The UX to deploy HIP-1 and HIP-2 is still technical, so users or teams interested in deploying are encouraged to reach out to try it on testnet first. The mainnet release will be gated to a few deployments to test the technical details before becoming permissionless. Please open a ticket in the Discord server if you are interested.
To recap, HIP-1 is a standard to deploy native tokens and onchain spot order books. HIP-2 permanently commits liquidity to a spot order book for HIP-1 tokens and synergizes with users' own order book liquidity.
Since their announcement, HIP-1 and HIP-2 were adjusted based on user feedback. The most significant addition is that an HIP-1 genesis distribution can now include existing HIP-1 tokens as an anchor. I.e., at the genesis of the new token, a specified portion will be distributed proportionally to holders of another HIP-1 token.
The UX to deploy HIP-1 and HIP-2 is still technical, so users or teams interested in deploying are encouraged to reach out to try it on testnet first. The mainnet release will be gated to a few deployments to test the technical details before becoming permissionless. Please open a ticket in the Discord server if you are interested.
๐ฅ12โค2๐1
By community request, you can now long or short $POPCAT 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/POPCAT
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/POPCAT
๐3โค1
Weekly update (for April 14-28)
Spot
+ $PURR genesis distribution went smoothly on April 16. Daily active traders passed 30k, and the frontend, L1, and API servers all performed without a hitch.
+ If you are interested in deploying a native token on mainnet through HIP-1 and HIP-2, please โ ๐ฉ๏ธฑopen-ticket and share what your plans are. Testing will begin on testnet in the next week.
Perps
+ Listed perps for $SAGA, $MERL, $HBAR, and $POPCAT
Points
+ Week 25 of the points program ended on April 23
Product
+ Improvements were made to bridge throughput after congestion issues during PURR's first day of trading
+ Updated info bar and Balances table on desktop to show contract info for spot tokens
+ Misc UI: tidied up the explorer and joining from a referral link, updated TV chart library, etc.
Community
+ Jan (a long-standing community member) made a website to track $PURR burn and other stats: https://www.purrburn.fun/
Spot
+ $PURR genesis distribution went smoothly on April 16. Daily active traders passed 30k, and the frontend, L1, and API servers all performed without a hitch.
+ If you are interested in deploying a native token on mainnet through HIP-1 and HIP-2, please โ ๐ฉ๏ธฑopen-ticket and share what your plans are. Testing will begin on testnet in the next week.
Perps
+ Listed perps for $SAGA, $MERL, $HBAR, and $POPCAT
Points
+ Week 25 of the points program ended on April 23
Product
+ Improvements were made to bridge throughput after congestion issues during PURR's first day of trading
+ Updated info bar and Balances table on desktop to show contract info for spot tokens
+ Misc UI: tidied up the explorer and joining from a referral link, updated TV chart library, etc.
Community
+ Jan (a long-standing community member) made a website to track $PURR burn and other stats: https://www.purrburn.fun/
PURR Burn ๐ฅ
Track PURR stats in real time
โค13๐3
By community request, you can now long or short $OMNI 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/OMNI
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/OMNI
๐6
FRIEND-USD will be delisted on May 2 at 08:00 UTC.
As a reminder, FRIEND-USD is an index, not a hyperp for the friend.tech token.
All positions will be settled at mark price, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, FRIEND-USD perps will be delisted, and no new orders will be accepted.
As a reminder, FRIEND-USD is an index, not a hyperp for the friend.tech token.
All positions will be settled at mark price, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, FRIEND-USD perps will be delisted, and no new orders will be accepted.
๐ซก8๐1
By community request, Hyperliquid has listed $EIGEN-USD hyperp. You can now long or short the unlaunched Eigenlayer token with up to 3x leverage.
Note: $EIGEN-USD will convert to a vanilla perp upon CEX spot listing. See Docs for more: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/hyperps
$EIGEN-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/EIGEN
Note: $EIGEN-USD will convert to a vanilla perp upon CEX spot listing. See Docs for more: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/hyperps
$EIGEN-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/EIGEN
๐6
By community request, you can now long or short $REZ 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/REZ
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/REZ
๐7๐คก1
DEX Screener has integrated the Hyperliquid L1. This marks their first integration of an order book.
You can now track $PURR on https://dexscreener.com/hyperliquid/0xc1fb593aeffbeb02f85e0308e9956a90
New user-deployed assets will also be tracked automatically once live.
You can now track $PURR on https://dexscreener.com/hyperliquid/0xc1fb593aeffbeb02f85e0308e9956a90
New user-deployed assets will also be tracked automatically once live.
๐ฅ25๐4๐ฅฐ3
Bi-weekly update
Spot
+ Iterating on user feedback for the spot deploy process via HIP-1 and HIP-2. Thank you to everyone who has been sharing feedback and helping improve the flow
Perps
+ Listed perps for $OMNI, $EIGEN, $REZ
Tech
+ Switched to HyperBFT consensus during yesterday's network upgrade. The performance of mainnet is being closely monitored
+ As previously announced, legacy signing was discontinued
Product
+ Added toggle between Perps and All (Perps + Spot + Vaults) for PNL and Account Value on the Portfolio page. Note: Perps only starts on May 4, which is when the data began to be indexed
+ Added market cap to token selector for spot on desktop
+ Misc UI improvements
Community
+ Shoutout to the many community members who have been building tools and contributing to PURR
+ jan added a leaderboard and display names to https://www.purrburn.fun/
+ send's TG announcements channel tracks whale buys/sells of $PURR: https://t.me/whalecatalerts
+ ikalgo's TG bot is a convenient way to check $PURR stats on the go: https://t.me/hyperliquidpricebot
+ vtx has been animating hypurr in GIF form
Spot
+ Iterating on user feedback for the spot deploy process via HIP-1 and HIP-2. Thank you to everyone who has been sharing feedback and helping improve the flow
Perps
+ Listed perps for $OMNI, $EIGEN, $REZ
Tech
+ Switched to HyperBFT consensus during yesterday's network upgrade. The performance of mainnet is being closely monitored
+ As previously announced, legacy signing was discontinued
Product
+ Added toggle between Perps and All (Perps + Spot + Vaults) for PNL and Account Value on the Portfolio page. Note: Perps only starts on May 4, which is when the data began to be indexed
+ Added market cap to token selector for spot on desktop
+ Misc UI improvements
Community
+ Shoutout to the many community members who have been building tools and contributing to PURR
+ jan added a leaderboard and display names to https://www.purrburn.fun/
+ send's TG announcements channel tracks whale buys/sells of $PURR: https://t.me/whalecatalerts
+ ikalgo's TG bot is a convenient way to check $PURR stats on the go: https://t.me/hyperliquidpricebot
+ vtx has been animating hypurr in GIF form
PURR Burn ๐ฅ
Track PURR stats in real time
๐ฏ11๐4โค3๐ฅ2
User-deployed spot is now live on mainnet. New user-deployed spots assets will appear in the "Spot" category of the token selector.
Spot deploys should become permissionless on testnet in the coming weeks, with mainnet following once testing is complete on testnet.
Spot deploys should become permissionless on testnet in the coming weeks, with mainnet following once testing is complete on testnet.
๐ฅ14โค2๐1๐1
By community request, you can now long or short $NOT 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/NOT
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/NOT
โก9๐2
The Hyperliquid L1 will support a native EVM.
The EVM will be augmented to atomically compose with native components on the Hyperliquid L1: HIP-1 assets, spot trading, perp trading, and other defi primitives.
Today, Hyperliquid already offers massively scalable throughput for the most heavily used defi operations. The EVM will unlock the full breadth of applications that do not require heavy optimization, such as bridging, auctions, lending, and novel user applications.
The EVM is not an isolated feature, but rather an integrated approach towards scaling the L1. By routing the highest throughput transactions through performant native components, the long tail of applications can enjoy ample blockspace. By empowering users to build on the EVM, the native order books will benefit from trustless bridging, new assets, and improved liquidity.
As one example of EVM composability with native components, HIP-1 assets will feature an atomic transfer with their corresponding ERC-20 contracts. This interaction will enable Hyperliquid L1 to become the premier platform to build, launch, and trade tokens. Builders will be able to deploy smart contracts with familiar EVM tooling and connect instantly to the CEX-like trading experience that users love. As the Hyperliquid L1 matures, users will no longer need centralized exchanges or other blockchains.
This is a relatively large undertaking. The testnet launch is expected to go live in the coming months.
The EVM will be augmented to atomically compose with native components on the Hyperliquid L1: HIP-1 assets, spot trading, perp trading, and other defi primitives.
Today, Hyperliquid already offers massively scalable throughput for the most heavily used defi operations. The EVM will unlock the full breadth of applications that do not require heavy optimization, such as bridging, auctions, lending, and novel user applications.
The EVM is not an isolated feature, but rather an integrated approach towards scaling the L1. By routing the highest throughput transactions through performant native components, the long tail of applications can enjoy ample blockspace. By empowering users to build on the EVM, the native order books will benefit from trustless bridging, new assets, and improved liquidity.
As one example of EVM composability with native components, HIP-1 assets will feature an atomic transfer with their corresponding ERC-20 contracts. This interaction will enable Hyperliquid L1 to become the premier platform to build, launch, and trade tokens. Builders will be able to deploy smart contracts with familiar EVM tooling and connect instantly to the CEX-like trading experience that users love. As the Hyperliquid L1 matures, users will no longer need centralized exchanges or other blockchains.
This is a relatively large undertaking. The testnet launch is expected to go live in the coming months.
๐ฅ25โค9๐ญ1
Permissionless user-deployed spot will go live on mainnet within the next 60 minutes. You can read more in the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips/hip-1-native-token-standard
It is strongly recommended to try exactly what you want to deploy on testnet first, so you donโt run into issues on mainnet. After bidding and paying gas, you can take your time to check each step, as there is no time limit for deploying. This is a complex process, so it is possible to get in a state where your deployment is stuck. It is the deployer's responsibility to try on testnet first; gas cannot be refunded if your deployment is stuck.
The dev team does not endorse any user-deployed spot asset; this is meant to be tech that anyone can use. Do not trade assets you are unfamiliar with and do not understand the risks for. Always do your own research. In addition, updates have been made to the UI to help users navigate trading spot. For example, there is now a toggle between โStrictโ and โAllโ spot assets in the token selector.
It is strongly recommended to try exactly what you want to deploy on testnet first, so you donโt run into issues on mainnet. After bidding and paying gas, you can take your time to check each step, as there is no time limit for deploying. This is a complex process, so it is possible to get in a state where your deployment is stuck. It is the deployer's responsibility to try on testnet first; gas cannot be refunded if your deployment is stuck.
The dev team does not endorse any user-deployed spot asset; this is meant to be tech that anyone can use. Do not trade assets you are unfamiliar with and do not understand the risks for. Always do your own research. In addition, updates have been made to the UI to help users navigate trading spot. For example, there is now a toggle between โStrictโ and โAllโ spot assets in the token selector.
โค13๐7
Bi-weekly update
Spot
+ Enabled permissionless user-deployed spot on mainnet with a Dutch auction for gas. More in the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips/hip-1-native-token-standard
+ Deployers are strongly recommended to try testnet first to avoid issues on mainnet. No user-deployed spot assets are officially endorsed. Do not trade assets you are unfamiliar with and do not understand the risks for. DYOR.
+ New spot assets are automatically displayed on DEX Screener: https://dexscreener.com/hyperliquid/0xc1fb593aeffbeb02f85e0308e9956a90
Perps
+ Listed perps for $NOT
+ ETH-USD perps reached a new ATH of $1.1 billion 24h volume
Tech
+ Began work to support a native EVM
Product
+ You no longer need to connect to Arbitrum to perform actions on Hyperliquid other than deposit via the Arbitrum bridge
+ Enabled TWAP for spot
+ Added Strict / All toggle for spot token selector
+ Added the option to Hide Small Balances to the Balances table
+ Updated Send modal to include USDC value for spot balances and sort by USDC amount
+ Updated styling for filter and toggle buttons on the Portfolio, Vaults, and Funding Comparison pages
+ Misc UI improvements: fixed text overflow on small screens, token-specific trade URLs, rounding when clicking Max for perps <-> spot transfer, etc.
Community
+ loracle built a Telegram bot to snipe and trade spot: https://t.me/HypurrFunBot. There is also a group chat: https://t.me/+SJRiO42rufBmODBk
+ jan's https://www.purrburn.fun/ now includes buyers and sellers
+ STFX integrated Hyperliquid: https://stfx.io/trade
Spot
+ Enabled permissionless user-deployed spot on mainnet with a Dutch auction for gas. More in the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips/hip-1-native-token-standard
+ Deployers are strongly recommended to try testnet first to avoid issues on mainnet. No user-deployed spot assets are officially endorsed. Do not trade assets you are unfamiliar with and do not understand the risks for. DYOR.
+ New spot assets are automatically displayed on DEX Screener: https://dexscreener.com/hyperliquid/0xc1fb593aeffbeb02f85e0308e9956a90
Perps
+ Listed perps for $NOT
+ ETH-USD perps reached a new ATH of $1.1 billion 24h volume
Tech
+ Began work to support a native EVM
Product
+ You no longer need to connect to Arbitrum to perform actions on Hyperliquid other than deposit via the Arbitrum bridge
+ Enabled TWAP for spot
+ Added Strict / All toggle for spot token selector
+ Added the option to Hide Small Balances to the Balances table
+ Updated Send modal to include USDC value for spot balances and sort by USDC amount
+ Updated styling for filter and toggle buttons on the Portfolio, Vaults, and Funding Comparison pages
+ Misc UI improvements: fixed text overflow on small screens, token-specific trade URLs, rounding when clicking Max for perps <-> spot transfer, etc.
Community
+ loracle built a Telegram bot to snipe and trade spot: https://t.me/HypurrFunBot. There is also a group chat: https://t.me/+SJRiO42rufBmODBk
+ jan's https://www.purrburn.fun/ now includes buyers and sellers
+ STFX integrated Hyperliquid: https://stfx.io/trade
โค16๐4
By community request, you can now long or short $TURBO 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/TURBO
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/TURBO
๐5๐ฅ2
FET-USD will be delisted on June 12 at 08:00 UTC. This shorter than usual notice is due to a lack of clarity around the timing of the merger of FET, AGIX, and OCEAN to ASI. All positions will be settled at mark price, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, FET-USD perps will be delisted, and no new orders will be accepted.
โก6๐4
Bi-weekly update
Spot
+ 18 different native spot assets are currently live on mainnet. You can learn about how to deploy a native spot asset in the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips/hip-1-native-token-standard
+ Deployers can reach out to DEX Screener, CoinGecko, etc. to update relevant information
Perps
+ Listed perps for $TURBO
+ Delisting $FET on June 12 at 08:00 UTC
Tech
+ Deployed an MVP of the EVM on testnet for dev feedback. You can learn more in the Discord / Telegram API announcements channels
Product
+ Added contract address in info bar for mobile
+ Updated wagmi library - please flag if you are experiencing any issues with connecting your wallet or establishing connection! Since this update was pushed on May 31, some users are disconnected when they open a new tab/window, which has been brought up to the wagmi team. This requires their fixing unfortunately. The situation is being actively monitored.
+ Misc UI improvements: updated subaccount transfer modal to include subaccount and master balances, fixed issue with max decimals on spot send and transfer modals, TV chart improvements, loading indicator improvements, etc.
Community
+ chrisling built a leaderboard to view individual traders: https://hyperliquid.chrisling.dev/leaderboard
+ Louis (Discord user) made an explorer: https://hypurrscan.io/token/0xc1fb593aeffbeb02f85e0308e9956a90
+ Hidden (Discord user) made a frontend for the testnet faucet for EVM gas: https://hyperliquidfaucet.com/
Points
+ The L1 season of points started on May 29 to reflect the growing vision to support the financial ecosystem. 700,000 points were distributed for Week 1 (May 29-June 4 inclusive) on June 7
Spot
+ 18 different native spot assets are currently live on mainnet. You can learn about how to deploy a native spot asset in the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips/hip-1-native-token-standard
+ Deployers can reach out to DEX Screener, CoinGecko, etc. to update relevant information
Perps
+ Listed perps for $TURBO
+ Delisting $FET on June 12 at 08:00 UTC
Tech
+ Deployed an MVP of the EVM on testnet for dev feedback. You can learn more in the Discord / Telegram API announcements channels
Product
+ Added contract address in info bar for mobile
+ Updated wagmi library - please flag if you are experiencing any issues with connecting your wallet or establishing connection! Since this update was pushed on May 31, some users are disconnected when they open a new tab/window, which has been brought up to the wagmi team. This requires their fixing unfortunately. The situation is being actively monitored.
+ Misc UI improvements: updated subaccount transfer modal to include subaccount and master balances, fixed issue with max decimals on spot send and transfer modals, TV chart improvements, loading indicator improvements, etc.
Community
+ chrisling built a leaderboard to view individual traders: https://hyperliquid.chrisling.dev/leaderboard
+ Louis (Discord user) made an explorer: https://hypurrscan.io/token/0xc1fb593aeffbeb02f85e0308e9956a90
+ Hidden (Discord user) made a frontend for the testnet faucet for EVM gas: https://hyperliquidfaucet.com/
Points
+ The L1 season of points started on May 29 to reflect the growing vision to support the financial ecosystem. 700,000 points were distributed for Week 1 (May 29-June 4 inclusive) on June 7
โค8๐4
By community request, you can now long or short $BRETT 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/BRETT
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/BRETT
๐6
By community request, you can now long or short $IO 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/IO
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/IO
๐4