10 Upcoming Hyperliquid Native Protocols to Watch:
Monetrix: Protocol for yield maximization that aggregates funding rates, HLP, maker discounts, similar to Athena. ROSETTA: Automatic stablecoin yield router moves USDC between Felix, Hyperlend, etc., for the highest yield. papertrade.xyz: Fair-launch perpetuals with 1000x leverage, no funding fees, no slippage, oracle-based. alt.fun: Launchpad pairs tokens with lever-perp positions; price influenced by trading activity and position PnL. Ventuals: Pre-IPO perpetuals long/short on OpenAI, SpaceX, etc. allow, with up to 10x leverage. Liminal: Delta-neutral return protocol depositing stablecoins to capture funding rates; xTokens used elsewhere as collateral. Melt: Bring tokenized stocks, commodities and RWAs to Hyperliquid spot market. Chain View: Oracle and data infrastructure delivering price feeds, volatility indices, risk metrics with <3s latency. rip.xyz: Tokenized vault for Hypurr NFT basket; rHYPURR offers liquid, fractional exposure via ERC-4626 shares. Markets: Perp exchange by Kinetiq offering stocks, forex, commodities, bonds, crypto perps up to 50x, with Kaiko oracles.
Hyperliquid is evolving beyond perps into a complete on-chain financial stack, with these protocols as foundational building blocks for real returns and new products.
Author: Stacy Wall
Translation: Jinse Finances
In this article, I will briefly introduce 10 emerging Hyperliquid native protocols that I currently follow:
1. M Onetrix: A native return maximizing protocol on Hyperliquid, it is a single stable coin powered by portfolio margins, integrating funding fees, HLP, maker discounts and HIP-3 into a single total on-chain return. It can be understood as a Hyperliquid version of Athena.
2. ROSETTA: Automatic stablecoin return routing on Hyperliquid. After depositing USDC, the system automatically migrates funds between Felix, Hyperlend, Morpho, Aave and HLP to the protocol with the highest current yield at each block, while calculating gas fees and slippage costs.
3. papertrade.xyz : A perpetual contract protocol launched fairly on Hyperliquid, offering up to 1000x leverage with no funding fees and no slippage. Transaction execution is based on price oracles rather than order books, and the entire process is completed on-chain.
4. alt.fun : Launchpad on Hyperliquid, where each token is paired with a leveraged perpetual position, allowing you to establish 2x, 3x or 5x long or short positions in any HL market. The token price is affected by both trading activity and the performance of the underlying perpetual position.
5. Enterprises: Pre-IPO perpetual contracts on Hyperliquid. Built on HIP-3, they allow long or short positions on the valuations of unlisted companies such as OpenAI, SpaceX and Stripe, with leverage up to 10x.
6. Liminal: A Delta Neutral Return Protocol on Hyperliquid. Deposit stablecoins, capture funding rates through automated short positions, and reuse generated xTokens (xBTC, xETH, xHYPE) as collateral within the DeFi ecosystem.
7. Melt: Bring tokenizing stocks, commodities and equity assets to the Hyperliquid spot market. You can trade real assets (RWA) on the same order book as BTC, 24/7, through your own wallet.
8. Chainsight: An Oracle and Data Infrastructure Protocol on Hyperliquid. It builds modular data streaming pipelines, providing price sources, volatility indices and risk metrics with latency of less than 3 seconds, powering new derivatives on HL.
9. rip.xyz: Tokenized Vault Strategy on HyperEVM. The flagship product rHYPURR enables you to gain liquidity and fragmented exposure to a Hypurr NFT managed basket, backed by WHYPE and priced hourly at net asset value (NAV) by ERC-4626 shares.
10. Markets: The Hyperliquid perpetual contract exchange built by the Kinettiq team. It offers 24/7 trading of stocks, forex, commodities, bonds and crypto continuous contracts, supporting up to 50x leverage. All contracts are backed by USDH and priced using Kaiko’s institutional grade oracles.
In summary, Hyperliquid is moving beyond perpetual contracts and evolving into a complete on-chain financial stack. The aforementioned protocols are the underlying components that build real returns, liquidity and new products.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
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And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
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