Updated
Updated · CoinDesk · Jun 15
Ventuals Shuts OpenAI, Anthropic Perpetual Markets After $650 Million Volume on Hyperliquid
Updated
Updated · CoinDesk · Jun 15

Ventuals Shuts OpenAI, Anthropic Perpetual Markets After $650 Million Volume on Hyperliquid

3 articles · Updated · CoinDesk · Jun 15

Summary

  • Ventuals halted trading in its OPENAI and ANTHROPIC perpetual contracts on Hyperliquid and automatically settled all positions after deciding to wind down and join another ecosystem team.
  • The shutdown points to consolidation among Hyperliquid's HIP-3 market operators, where third-party teams launch niche perpetual futures tied to assets including private-company valuations.
  • Ventuals said it generated more than $650 million in trading volume and drew over 500,000 HYPE in community support; its remaining markets will close in the coming days.
  • TradeXYZ already dominates the segment with nearly 97% of HIP-3 trading volume, underscoring how quickly private-company and other real-world-asset perpetuals are concentrating on Hyperliquid.
  • The closure comes as blockchain venues push further into Wall Street-style markets: Hyperliquid processed about $234 billion in perpetual futures volume over the past month, while RWA perpetual volumes hit a record in May.

Insights

With one project now controlling 97% of volume, is Hyperliquid's decentralized market becoming a monopoly?
As Wall Street and regulators close in, can Hyperliquid survive without sacrificing its core principles?
Are pre-IPO futures democratizing finance or just repackaging extreme risk for retail investors?