Pump.fun is not only a memecoin launchpad anymore. The platform has switched on leveraged perpetual futures trading inside its app, and it is leaning on Hyperliquid for the heavy lifting.
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The plumbing: Pump.fun plugs in by way of Hyperliquid’s builder codes, a setup that lets exterior apps pipe person orders into Hyperliquid’s books and pocket a minimize of the charges. Hyperliquid’s HyperCore engine does the matching and runs liquidations.
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The leverage: Early experiences put max leverage at 40x on BTC and 25x on ETH. The perps are off-limits within the U.S. and Ontario.
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Background prep: Perps information first surfaced in Pump.fun’s API round Oct. ninth, and the launch follows the platform’s HyperEVM spot buying and selling integration in August.
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Attention-grabbing timing: Pump.fun briefly out-earned Hyperliquid on a weekly foundation in late September. Now it is routing its merchants straight into Hyperliquid’s order books, a neat snapshot of the builder-code period, the place frontends and venues might be rivals and companions without delay.
