Anthropic · OpenAI · Wall Street · CoinDesk
Hyperliquid sheds Anthropic, OpenAI markets as creator shuts down project
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★ Tier-1 Source
One of the biggest players that provides trading of private-company stocks on Hyperliquid is closing down, signaling that this hot new market is beginning to consolidate.
Key facts
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- The team said it generated more than $650 million in trading volume and attracted over 500,000 HYPE in community support during its run
- TradeXYZ, another Hyperliquid-native project, has emerged as the dominant player in the category, accounting for nearly 97% of HIP-3 trading volume
- Notably, TradeXYZ's SpaceX market correctly anticipated the company's blockbuster debut and the stock's opening surge above the $135 IPO price tag
Summary
Ventuals, the project behind OpenAI and Anthropic perpetual markets on Hyperliquid, is winding down and joining another team in the ecosystem. Perpetual markets on Hyperliquid have become a popular and closely watched tool for traders to bet 24/7 on a wide range of asset prices, including those of private companies. Ventuals, the project behind perpetual futures tied to OpenAI and Anthropic valuations, said Monday it is winding down and that its team will join another project building within the Hyperliquid ecosystem. The move has halted trading in the OPENAI and ANTHROPIC markets, with all positions settled automatically.