Hyperliquid reached a new all-time high in 24h volume of >$8.5B.

Open Interest also reached a new all-time high of >$3B.

By community request, you can now long or short $HYPE with up to 3x leverage.

Note that the HYPE-USD oracle is USDC-denominated instead of USDT-denominated. As with all other perps, HYPE-USD is USDC-margined.

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/HYPE

Hyperliquid reached a new all-time high in 24h volume of >$10B.

Hyperliquid reached a new all-time high in open interest of >$3.5B.

LOOM-USD will be delisted on December 12 at 08:30 UTC. All positions will be settled at mark price, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, LOOM-USD perps will be delisted, and no new orders will be accepted.

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

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

Biweekly update

Tech
+ As posted in API Announcements, API keys (both named and unnamed agents) will no longer work after their deadline. When a key expires, it is highly recommended to generate a new key, as the nonce tracking information for expired agents are eventually pruned from the L1 state. Note that legacy API keys created before deadlines were implemented will expire on Dec 14.
+ As a reminder, the validator set is permissionless on testnet. There is a self-delegation requirement of 10k HYPE to register a new validator and be eligible for the active set. The top N validators by total delegated stake form the active set. Currently N=50 on testnet.
+ 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: require checkbox confirmation to Send to new address on the L1, mobile QR code modal improvements, etc.

Trading
+ ALGO, SAND, IOTA, HYPE, ME, and MOVE perps were listed
+ LOOM perps were delisted
+ OI reached a new ATH of >$3.5B
+ 24h volume reached a new ATH of >$10B
+ 24h liquidations reached a new ATH of >$1B

Genesis Event
+ The HYPE genesis event occurred smoothly on November 29

Community Highlights
+ Builders can use the testnet EVM explorers built by Parsec and Prince: https://testnet.purrsec.com/ and https://hyperevm-explorer.vercel.app/
+ Ambit wrote about precompiles: https://medium.com/@ambitlabs/the-not-so-definitive-guide-to-hyperliquid-precompiles-f0b6025bb4a3
+ Pine Analytics shared notes on the Arbitrum bridge reaching 1.5B in USDC deposits: https://x.com/PineAnalytics/status/1865867525021409638
+ Octav added support for spot in their portfolio tracker: https://x.com/OctavFi/status/1863606594845786318

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

Hyperliquid reached a new all-time high in open interest of >$4.3B.

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

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

BLZ-USD will be delisted on December 22 at 08:30 UTC. All positions will be settled at mark price, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, BLZ-USD perps will be delisted, and no new orders will be accepted.

Hyperliquid reached a new all-time high in 24h volume of >$13B.

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

Another day, another ATH. Hyperliquid reached a new all-time high in 24h volume of >$15B.

Max leverage has been updated for various assets. Increases in max leverage reflect improved liquidity. Decreases in max leverage ensure platform stability during extreme volatility.

Note that max leverage decreases do not affect the liquidation price of open positions until they are modified. To reduce positions that exceed initial margin requirements under the new max leverage, use reduce-only orders. The first non-reduce-only order that modifies a position will subject it to the new max leverage and maintenance margin requirements. As a reminder, maintenance margin is half of the initial margin at max leverage. E.g., if max leverage is 20x, the maintenance margin is 2.5%.

Biweekly update

Tech
+ A staking UI was added to https://app.hyperliquid-testnet.xyz/staking on testnet to make it easier for users to test and familiarize themselves with staking

Product
+ Added $ / % toggle to favorites bar
+ Added aggregation selector to full order book view on mobile
+ Enabled order book set size on click setting on mobile
+ Expanded TP/SL input fields proportionally when expanding the order form horizontally on desktop
+ Updated OI error message to be clearer, and more misc. UI improvements

Trading
+ VIRTUAL, PENGU, USUAL, and FARTCOIN perps were listed
+ BLZ perps were delisted
+ OI reached a new ATH of >$4.3B
+ 24h volume reached a new ATH of >$15B

Community Highlights
+ deBridge and Synapse integrated Hyperliquid, enabling cross-chain deposits
+ Sandwich Trading and Teal Street added support for Hyperliquid
+ Defillama began tracking Hyperliquid's fees on its dashboard: https://defillama.com/fees. Note that this does not include native spot auctions.
+ Jan organized a PURR Christmas donation to support a cat shelter: https://www.purrburn.fun/make-a-difference
+ As always, you can find more great content, analysis, etc. from the community in ⁠the community-research channel in Discord

By community request, you can now long or short $AI16Z and $AIXBT 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/AI16Z
https://app.hyperliquid.xyz/trade/AIXBT

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

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