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

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

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)

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

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.

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

Following the MATIC to POL conversion, you can now long or short $POL 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

Hyperliquid reached a new all-time high in open interest of >$1B.

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

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

Bi-weekly update

Tech
+ The node Github has been updated with instructions on delegation. Any user can delegate the testnet native token TESTH to any validator. Staking rewards and withdrawal queue are also live on testnet, with some rudimentary endpoints to query data. More endpoints will be released with information such as staking history and validator uptime. Please flag any issues in the Discord node-operators channel
+ Released bug bounty for testnet EVM. See Discord announcement for more details. The bug bounty scope includes any part of the system that touches the EVM, including the EVM state transitions, EVM interaction with the L1, and JSON-RPC. Please submit any findings via Discord ticket and include a minimal reproducible example in your report.

Product
+ As a reminder, there are now expiration times for agent wallets (also referred to as API wallets). API users should make sure to authorize new API wallets before expiration.

Community Highlights
+ Hyperliquid Labs hosted its first community event in Singapore. It was great meeting so many users and builders and hearing about their experiences with Hyperliquid. Product improvements are already underway based on user feedback from the conference week.
+ HypurrCo x hyper/active x Vegas x Theo hosted a lively community meetup in Singapore as well.
+ Hypurr plushies were spotted around Singapore as part of a scavenger hunt and have since spread out across the world as their new owners returned home
+ ASXN wrote a detailed report about their Hyperliquid thesis: https://newsletter.asxn.xyz/p/hyperliquid-the-hyperoptimized-order
+ This is just a small subset of what the community has worked on the past 2 weeks. You can find more research, user-built tooling, apps being developed, etc. in the Discord community research channel.

Trading
+ Open interest reached a new ATH of >$1B
+ POL, CATI, and CELO were listed

L1 Points
+ L1 points for weeks 15 and 16 (Sep 4-10 and Sep 11-17 were distributed). The last distribution will take place on Oct 4.

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

Hyperliquid now supports builder codes, which let anyone permissionlessly monetize applications on the L1.

Regional frontends, fiat onramps, mobile wallets, social trading -- all are one line of code away from earning upside proportional to their volume. This upside can be multiples of what the L1 itself charges.

Builder codes are trustless and entirely onchain. They bring together the best of both worlds from CEX broker programs and permissionless, self-custodial defi.

See API announcements on Discord or TG for more details.

The EIGEN hyperp has converted to a regular perp. You can now long or short $EIGEN 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/EIGEN

Many users were frustrated with flaky third-party mobile wallets. Now you can bring your desktop trading to mobile with a simple scan.

Instructions: https://hyperliquid.gitbook.io/hyperliquid-docs/onboarding/connect-mobile-via-qr-code

Weekly update

Product
+ Released builder codes, which let anyone permissionlessly monetize applications on the L1. You can read more in Jeff's tweet: https://x.com/chameleon_jeff/status/1841392573199585291
+ Added mobile login via desktop QR code scan. This now works by scanning directly from your camera app, in addition to from the PWA or mobile browser.
+ Updated API page to include expiration date per agent wallet (aka API wallet)
+ Included the claiming of referral rewards as a row in the Deposits and Withdrawals table. Rewards claims need to be >1 USDC to be processed.
+ Misc UI improvements

Tech
+ Please continue to submit any findings for the testnet EVM bug bounty via Discord ticket with a minimal reproducible example. The bug bounty scope includes any part of the system that touches the EVM, including the EVM state transitions, EVM interaction with the L1, and JSON-RPC.

Trading
+ HMSTR was listed. EIGEN converted from a hyperp to regular perp.
+ OI reached a new ATH of >$1.4B

Points
+ L1 points for weeks 17 and 18 (Sep 18-24 and Sep 25-Oct 1 were distributed)
+ An announcement will be posted about May points once they are distributed

Note: As always, Hyperliquid has never raised external capital and has no advisors. Any claims otherwise are false.