Product & Tech
+ Based on feedback, the HIP-1 spec will be extended. Existing deployers and teams interested in HIP-1 deployment are encouraged to share further feedback. For details, see the API announcements channel
+ Based on feedback, additional features for HIP-4 have been implemented. For details, see the message above
+ Hyper Foundation's non-validating node is open to high-quality infrastructure providers as a reliable peer. For details, see the API announcements channel

Trading
+ HIP-3 markets reached a new ATH of $4.3B in open interest

New Teams on the HyperEVM & HyperCore
+ Buoy Finance deployed a vault system for trading on HyperCore via HyperEVM custom vaults: https://x.com/BuoyFinance/status/2087948034206208083

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

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.

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

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

Weekly Update

Product & Tech
+ Manual borrowing on HyperCore is live on mainnet. As a reminder, HyperEVM smart contracts can access HyperCore borrow/lend functionality from CoreWriter and read precompiles
+ HIP-3* spec was shared

New Teams on HyperEVM & HyperCore
+ Chainalysis added support for HyperEVM: https://x.com/chainalysis/status/2095568202663092401

Community Highlights
+ New Hypurr stickers were added to TG and Discord: https://t.me/addstickers/Hypurrliquid

By community request, $USELESS 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/USELESS

Manual borrows are live on Hyperliquid

Portfolio margin and manual borrows use the same underlying HyperCore infrastructure, with $269M in assets borrowed today.

Users can supply HYPE and BTC as collateral to borrow quote assets (USDC and USDT). Borrowed quote assets pay interest, and supplied quote assets earn interest, with rates set by utilization.

See the Support Docs for more: https://hyperliquid.gitbook.io/hyperliquid-docs/support/faq/manual-borrows

Trailing stops are now available for perp markets.

A trailing stop's trigger price follows the mark price as it moves in favor of the position. When the mark price retraces from its best level by the selected distance or percentage, it triggers a market order for the selected size. For long positions, the trigger price follows the highest mark price reached since activation; for short positions, it follows the lowest. An optional activation price determines when tracking begins. Without one, tracking begins immediately at the current mark price.

See the Support Docs for more.

Weekly Update

Product & Tech
+ Trailing stops are now available for perp markets. See the Support Docs for more: https://hyperliquid.gitbook.io/hyperliquid-docs/support/faq/trailing-stops

New Teams on HyperEVM & HyperCore (in no particular order)
+ 1inch deployed on HyperEVM: https://x.com/1inch/status/2098051597364334669
+ BitGo's self-custody wallet added support for HyperCore: https://x.com/BitGo/status/2098044479878074500

Community Highlights
+ The French community is organizing a meet-up in Paris on Sep 23: https://x.com/HyperliquidFR/status/2099465233018294519
+ HypurrCorea is organizing a day of events on Sep 28 in Seoul
a) Institution-focused seminar from 2-5:30pm: https://luma.com/eei081l4
b) Community dinner & mingle from 6:30-10pm: https://luma.com/5ltxvfi7
+ HypurrCo designed Hypurr NFT cards: https://x.com/hypurr_co/status/2099502182542524809

Open interest reached an all-time high of $18B on Hyperliquid

Note: Two-sided OI is calculated as the sum of long and short positions

Weekly Update

Trading
+ Open interest reached an ATH of $18B on Hyperliquid

New Teams on HyperEVM & HyperCore
+ DoubleZero Edge now supports Hyperliquid data feeds:
https://x.com/doublezero/status/2103122298253492244
+ Near Protocol deployed NEAR spot on HyperCore: https://x.com/NEARProtocol/status/2102469065822593316

Community Highlights
+ Jeff is speaking at KBW on Wednesday, Sep 30 from 11-11:20am
There will be many events organized by the community in Singapore during Token2049 week, including but not limited to:
+ Monday, Oct 5 from 6:30-10pm: Hyper Foundation community event: https://luma.com/HL2026Community
+ Tuesday, Oct 6 from 12-4pm: Kinetiq x DoubleZero networking event: https://luma.com/k9exlya9
+ Wednesday, Oct 7 from 11-11:35am: Jeff will be speaking at Token2049
+ Wednesday, Oct 7 from 3-7pm: Event.HL by HyperBeat & other teams: https://luma.com/3qsc5ehs
+ Thursday, Oct 8 from 11-4pm: HypurrCo Gathers: https://luma.com/mmrfj0pz

The Hyperliquid community event will take place on the evening of October 5 in Singapore: luma.com/HL2026Community

This is a chance to spend time with the builders and users who've shaped the ecosystem

The event is oversubscribed; you will only be able to attend if your RSVP was accepted. If your RSVP was accepted but you're no longer able to attend, please cancel your RSVP to make space for others

Weekly Update

New Teams on HyperEVM & HyperCore
+ papertrade is live on HyperEVM:
https://x.com/papertrade_xyz/status/2108852108766437759
+ Xverse integrated Hyperliquid perps via builder codes: https://x.com/xverse/status/2108041688925229554

Community Highlights
+ Thank you to everyone who was part of the HL Community Event! https://x.com/HyperliquidX/status/2109326236145287621
+ Jeff spoke at a fireside moderated by Shaunda at Blockworks DAS: https://x.com/shaundadevens/status/2107850028995985547?s=20
Other recordings will be shared once available by the respective organizers

Weekly Update

Product & Tech
+ See the API announcements channel for updates to write priority fees

New Teams on HyperEVM & HyperCore
+ Ensemble vaults are live on HyperEVM: https://x.com/ensembleio/status/2105313393393737951

Community Highlights
+ Jeff spoke about Hyperliquid on the Bloomberg Odd Lots podcast: https://x.com/TheStalwart/status/2110698207684813053
+ Jeff's fireside at Token2049 was uploaded to YouTube: https://www.youtube.com/watch?v=t5s7LICMJKE
+ Jeff spoke at DC Fintech Week in a fireside
+ Racing in Hypurr World got an update: https://x.com/hypurrworld/status/2112185455747993751

Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. Subject to regulatory approval, Bitnomial, Payward’s CFTC-regulated DCM and DCO, would act as the HIP-3* deployer: creating, owning, and administering the markets and clearing and settling the contracts. If approved, NinjaTrader Clearing, Payward’s CFTC-registered FCM, would carry client accounts.

HIP-3 will support optional deployer configuration for permissioned markets in a future network upgrade. This set of additional deployer functionality is collectively called HIP-3*. At its core, HIP-3* activation involves an onchain allowlist managed by the deployer or its sub-deployers. The functionality is strictly additive to HIP-3; its use is optional and up to the deployer. Existing markets remain unchanged. The initial release is available on testnet, where specifications are preliminary and subject to change based on feedback.

Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. HIP-3* gives deployers additional functionality to operate deployments consistent with the requirements applicable to them. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.

By community request, Extended ($XTEN) hyperp has been listed 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. This makes the hyperp price more stable and less susceptible to manipulation, unlike usual pre-launch futures.

When trading hyperps, funding rates are important to consider. If there is heavy price momentum in one direction, funding will heavily incentivize positions in the opposite direction for the next eight hours. As always, be sure to understand the contract before trading.

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

XTEN-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 and how it differs from vanilla perps. NFA.

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

Weekly Update

Product & Tech
+ See the API announcements channel for various technical updates re: write priority fees, gossip priority slots, optional sub-builders, etc.

Trading
+ Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets
+ XTEN hyperp was listed

Community Highlights
+ The India community is organizing an event in Mumbai on November 3: https://x.com/Hyperliquid_In/status/2112491773935472768
+ HL Radio (by HL Global) recordings from the HL Community Event are live: https://x.com/HLglobal_/status/2113258931313352820

Intercontinental Exchange (ICE) and trade[XYZ] have announced their plan to use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US traders across crypto, equities, commodities, foreign exchange, and other real-world assets, subject to regulatory approvals. ICE operates NYSE and some of the largest exchanges and clearing houses globally.

In this structure:
+ Hyperliquid serves as the underlying technology infrastructure via HIP-3*
+ trade[XYZ] designs and implements the markets
+ ICE operates the regulated market and clearing structure

Existing trade[XYZ] HIP-3 markets will remain unchanged.

Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.