Why does Pantera Capital support Hyperliquid's perpetual futures platform?

Pantera Capital said Hyperliquid shows how onchain perpetual futures can support 24/7 trading with no contract expiry dates. The firm believes these features could make blockchain-based markets more competitive with traditional exchanges.

How much of the onchain perpetual futures market does Hyperliquid handle?

Pantera Capital said Hyperliquid accounts for about 40% of all onchain perpetual futures trading volume. The firm also said Hyperliquid generated about US$13.5 million in protocol fees over the past seven days.

How much has the onchain perpetual futures market grown?

Pantera Capital said decentralised perpetual futures trading has grown from less than 1% of centralised exchange volume in early 2023 to about 14%. The firm attributed much of that growth to Hyperliquid's expansion.

What markets is Hyperliquid expanding into?

Pantera Capital said Hyperliquid is expanding its perpetual futures products beyond cryptocurrencies into equities, commodities and stock indices. The firm said this supports Hyperliquid's broader onchain trading strategy.

How are traditional exchanges responding to onchain trading?

Intercontinental Exchange, the New York Stock Exchange and OKX are developing blockchain-based trading platforms with 24/7 trading and tokenised assets. These initiatives reflect growing interest in onchain financial markets.

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Hyperliquid drives growth in onchain futures

Written by Liezl GambePublished Jul 10, 2026, 2:16 AM

Pantera Capital said Hyperliquid is helping expand onchain perpetual futures beyond cryptocurrencies.
The firm said decentralised perpetual futures volume has grown from less than 1% to 14% of centralised exchange volume since 2023.
Pantera said Hyperliquid is expanding into equities, commodities and stock indices.

Pantera Capital said Hyperliquid (CRYPTO:HYPE) is helping drive the growth of onchain perpetual futures as trading expands beyond cryptocurrencies.

The firm said decentralised perpetual futures volume has increased from less than 1% to 14% of centralised exchange volume since Hyperliquid launched in 2023.

Pantera said Hyperliquid now handles about 40% of onchain perpetual futures trading and generated US$13.5 million in fees over the past seven days.

Pantera said perpetual futures offer 24/7 trading, no expiry dates and simpler position management than traditional futures contracts.

Hyperliquid is expanding into equities, commodities and stock indices as part of its broader trading strategy.

Intercontinental Exchange, the New York Stock Exchange and OKX are also developing blockchain-based trading platforms with 24/7 markets and tokenised assets.

At the time of reporting, Hyperliquid price was $67.50.

Hyperliquid drives growth in onchain futures

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Hyperliquid drives growth in onchain futures

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