Hyperliquid Announcements

$PURR is live as the first HIP-1 native token on the Hyperliquid L1. You can now trade $PURR on mainnet: https://app.hyperliquid.xyz/trade/PURR/USDC

As a reminder, spot trading for $PURR will go live between 04:00-06:00 UTC. During the feedback period on testnet, community members felt that there was more Hyperliquidity (HIP-2) than needed. As a result, 40% of the total supply originally allocated for HIP-2 will instead be burned. Concretely, that means 500M $PURR will be distributed to points holders and 100M $PURR will be permanently committed to the onchain order book via HIP-2 as liquidity.

4,462,258 points have been distributed to 11.5k closed alpha users for activity before October 31, 2023. Closed alpha points will default as the last row in the Points page. You can click the "Week" heading to see the oldest rows first.

Weekly update Spot + Made another round of spot updates on testnet based on user feedback. Spot will go live on mainnet this week + Final reminder: for points holders to qualify for $PURR on mainnet, they need to have accepted the updated Terms of Use on https://app.hyperliquid.xyz/trade by EOD UTC on April 13. Important: you must do this even if you have previously accepted the Terms of Use. You will be prompted to review and accept the Terms of Use when you connect to the website Perps + Listed perps for $TNSR Points + Week 23 of the points program ended on April 10 Product + Improved loading time for first time users + Misc UI improvements: changed error message for when reduce only is checked to "Reduce Only Too Large," added explanation to connect modal if desired wallet extension isn't shown, etc. ATHs in Metrics + Daily active traders: 19k + Daily liquidations: $117M + HLP all-time pnl: $19M

Final reminder to review and accept the updated Terms of Use on https://app.hyperliquid.xyz/trade by EOD UTC today, April 13, to qualify for $PURR on mainnet.

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

Weekly update Spot + Updated spot on testnet based on user feedback. As a reminder, testnet is constantly being updated to test out new features and is sometimes down or reset as a result. Please continue to share feedback as you poke around on testnet + For points holders to qualify for $PURR on mainnet, they need to have accepted the updated Terms of Use on app.hyperliquid.xyz by EOD UTC on April 13. Important: you must do this even if you have previously accepted the Terms of Use. You will be prompted to review and accept the Terms of Use when you connect to the website Perps + Listed perps for $MNT and $ENA + Converted $W from a hyperp to a regular perp Points + Week 22 of the points program ended on April 2 Product + Updated withdrawing from a vault to only cancel the orders that are needed to service the withdrawal instead of canceling all orders + Updated referral fee share: referrers now earn 10% of fees for each referred address between 25M-1B volume instead of 0% + Fixed bug with rounding precision in size field ATHs in Metrics + OI: $700M + Daily Active Traders: 16k

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

$W has converted to a regular perp following the listing of spot on centralized exchanges. You can now long or short $W with up to 5x leverage on cross margin: https://app.hyperliquid.xyz/trade/W

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

Weekly update Spot + Launched spot trading on testnet, see announcement above for more details. Thanks to everyone who has been testing it out so far and sharing their feedback in the Discord server! + Announced HIP-1 and HIP-2. For more information see the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips and Python SDK: https://github.com/hyperliquid-dex/hyperliquid-python-sdk/releases/tag/0.3.0 Perps + Updated OI calculation from 1-sided to 2-sided + Listed perps for ETHFI Product + Improved TradingView chart: drawings should now save, there shouldn't be bugs with the x-axis, etc. The TradingView library was upgraded to a newer version, so any indicators you had may have been reset this one time, but the chart should work better and be less bug prone moving forward + Moved Place Order button and reduced notifications displayed at one time from 3 to 2, so users can continue clicking Place Order without interruption even on smaller screens + Added toggle to mobile trade page to remove order book display for users who prefer this view. Also made minor improvements to orderbook display on mobile + Updated mid button in limit price input field to round to passive side to make it easier to place resting orders at the top of the book when the spread is one tick wide + Added View All and Export as CSV buttons for Deposits and Withdrawals Points + Week 21 of the points program ended on March 26 ATHs in Metrics + OI: $650M ($325M using 1-sided calculation) + TVL: $340M + HLP pnl: $16M

The Hyperliquid L1 will support native spot trading, as well as two permissionless standards for native tokens: HIP-1: deploy native tokens and onchain spot order books HIP-2: “Hyperliquidity,” a novel mechanism to permanently commit liquidity to a spot order book for HIP-1 tokens. Hyperliquidity strategies run entirely onchain and synergize with users' order book liquidity. As with perps, the spot order book is entirely onchain. HIP-1 and HIP-2 are steps toward general purpose infrastructure with performant native components. The first spot launch is $PURR. There is no sale and no planned utility for $PURR. There are 1 billion total $PURR tokens, and this number will never increase. 50% of $PURR will be distributed proportionally to points holders. The remaining 50% will be permanently committed as Hyperliquidity on the PURR/USDC pair. Once thoroughly tested, HIP-1 and HIP-2 will become part of the permissionless infrastructure on the Hyperliquid L1. While HIP-1 assets will be native to the Hyperliquid L1, the standard opens the possibility for bridges from other chains. $PURR is live on testnet, so users can familiarize themselves with how native spot assets work on the Hyperliquid L1. Once testing is complete, $PURR will launch on mainnet. The points snapshot for mainnet $PURR has already been taken and will include closed alpha points. The distribution on testnet is different and meant for testing only.