Roadmap

A complete list of announcements is available here.

HyperBFT

TGE & Token
Name
Description
Status
Closed Alpha End
Points distributed to 11.5k users for activity before
✅ Oct 31, 2023
Season 1
Hyperliquid's points program
✅ Nov 1, 2023
Season 1 End
Season 1 completion
✅ May 1, 2024
Season 2 (L1 Points)
Expanded to an entire financial ecosystem
✅ May 29, 2024
Hyper Foundation
Creation and announcement of the TGE
✅ Oct 14, 2024
Points Distribution
Season 2 ended. Activity rewards for May, October, and early November 2024 with anti-Sybil checks
✅ Nov 27, 2024
Genesis Launch
$HYPE token launched at $3, marking ecosystem milestone
✅ Nov 29, 2024
Expand Token Utility
Grow $HYPE's role in governance, staking perks, and ecosystem rewards
🔄 Planned
Drive Adoption
Leverage price action and meme momentum for organic marketing
🔄 Planned
Incentives
42.81% of total incentives reserved for future distribution
🔄 Planned
Staking
Name
Description
Status
Staking Launch
Mainnet staking with 400M+ $HYPE staked
✅ Dec 30, 2024
Delegation Program
Program to enhance network security and decentralization
✅ Mar 4, 2025
Staking Tiers
Trading fee discounts based on $HYPE staked amount
✅ Mar 19, 2025
Team Stake Redistribution
47M HYPE redistributed across 11 validators for decentralization
✅ May 6, 2025
Validators
Name
Description
Status
HyperBFT Consensus
Custom consensus algorithm for massive TPS improvements
✅ May 5, 2024
Initial Validator Set
Validators expanded from 4 to 16 nodes
✅ Dec 30, 2024
Permissionless Validators
Top 20 stakers form active validator set
✅ Mar 4, 2025
Onchain delisting voting
Permissionless stake-based vote weighting primitive
✅ Mar 29, 2025
21 Validators Active
Reached 21 active validators
✅ Apr 22, 2025
Full Decentralization
Multi-phase process to completely decentralize the network (priority for next 6-12 months)
🔄 Planned
Open Sourcing Node Code
Code will be open source when it's secure to do so
🔄 Planned
Multiple Binaries
Even very mature networks like Solana have the vast majority of validators running a single client
🔄 Planned
API
Name
Description
Status
Permissionless API servers
Anyone will be able to run an API server pointing at any node
🔄 Planned

HyperCore

DEX
- Technical Infrastructure
  Name
  Description
  Status
  Hyperliquid Q3 22 to Q2 23 Update
  Quarterly platform updates
  ✅ Jul 6, 2023
  Hyperliquid Q3 23 Update
  Quarterly platform updates
  ✅ Oct 5, 2023
  Sub-accounts
  Secondary account management
  ✅ Jan 23, 2024
  TWAP orders
  Time-weighted average price orders
  ✅ Feb 21, 2024
  Fee Tiers
  Reward high volume users while keeping fees low for everyone
  ✅ Mar 10, 2024
  Account Abstraction
  Trade with just an email and on mobile
  ✅ Jun 25, 2024
  Builder Codes Launch
  Native L1 primitive for app monetization
  ✅ Oct 1, 2024
  Optional Hyperliquidity
  Spot assets can deploy with empty orderbooks
  ✅ Jan 27, 2025
  Spot Token Fee Options
  Deployers can choose to receive trading fees instead of burning
  ✅ Jan 27, 2025
  Multi-Sig Security
  Native multi-sig launched for enhanced security
  ✅ Feb 12, 2025
  Margin update
  Require 20% ratio on margin transfers
  ✅ Mar 13, 2025
  Staking Tiers
  New Fee System with trading fee discounts goes live
  ✅ May 5, 2025
  Margin Tiers
  Define the max leverage allowed as a function of notional position
  ✅ May 22, 2025
- Integrations
  Name
  Description
  Status
  BTC Integration
  BTC spot trading, deposits, and withdrawals via Unit
  ✅ Feb 15, 2025
  USDe Integration
  USDe spot trading and HyperEVM support
  ✅ May 5, 2025
  USDT Integration
  USDT spot trading and HyperEVM support
  ✅ May 9, 2025
  Major Crypto Integration
  BTC, ETH & SOL
  ✅ May 15, 2025
Vault
Name
Description
Status
HLP Launch
Hyperliquidity Provider democratizing market making
✅ May 17, 2023
Vault Deployment Fee
User vaults now cost 100 USDC
✅ Jan 27, 2025
HIPs
Name
Description
Status
HIP-1 & HIP-2 Testnet
Native spot trading
✅ Mar 29, 2024
HIP-1 & HIP-2 Mainnet
Permissionless spot deploys live on mainnet
✅ May 24, 2024
HIP-3 Testnet
Permissionless perps orderbook deployment
✅ May 1, 2025
HIP-3 Mainnet
Complete decentralization of perp listing
🔄 Planned

HyperEVM

Name

Description

Status

Testnet Announcement

Native EVM with atomic composability announced

✅ May 20, 2024

Dual-Block architecture

Small blocks and large blocks

✅ Jan 30, 2025

Mainnet Launch

General-purpose programmability enabled

✅ Feb 18, 2025

HyperCore <-> HyperEVM

HIP-1 assets feature atomic transfer with ERC-20 contracts

✅ Mar 25, 2025

Read Precompiles

Builders can read HyperCore state atomically from smart contracts

✅ Apr 28, 2025

Write Precompiles

Enabling new forms of DeFi

🔄 Planned

Ecosystem

Milestones
Name
Description
Status
Volume milestone
60+ perps to trade
✅ Oct 18, 2023
$1B in 24-hour-trading volume achieved
✅ Dec 12, 2023
$100M USDC TVL
✅ Jan 19, 2024
$3B in 24-hour-trading volume achieved
✅ Mar 4, 2024
$4.3B in 24-hour-trading volume achieved
✅ Aug 6, 2024
$15B in 24-hour trading volume achieved
✅ Dec 21, 2024
Market Share
Reached 20% of Bybit futures and 8% of Binance futures volume
✅ Jan 1, 2025
TradFi Recognition
Bloomberg Surveillance Podcast coverage
✅ May 15, 2025
Multiple All-Time Highs
$8.9B OI, $5.4M 24h fees, $3.2B USDC TVL
✅ May 22, 2025
Tier 1 CEX Listings
Major exchange listings for broader accessibility
🔄 Planned
Institutional Custody
Qualified custodians integration (Coinbase Custody, Anchorage, BitGo, Fireblocks)
🔄 Planned
For Hyperliquid
Name
Description
Status
Unit Integration
Brings spot tokens from other chains to Hyperliquid
✅ Feb 15, 2025
TradFi Integration
Traditional finance integration initiatives
🔄 Planned
On Hyperliquid
- HyperCore
  Name
  Description
  Status
  $PURR spot trading
  First native spot trading
  ✅ Apr 16, 2024
  DEX Screener Integration
  Trading interface integration
  ✅ May 9, 2024
  Insilico Terminal Integration
  Trade on Hyperliquid using Insilico
  ✅ Aug 8, 2024
  Frontend Decentralization
  Expand builder codes to incentivize tools like @pvp_dot_trade
  🔄 Planned
  CEX Integration
  Builder codes integrated on CEXes and wallets/apps
  🔄 Planned
  Billion-Dollar Apps
  Support multiple billion-dollar protocols by 2025
  🔄 Planned
  DeFi Dominance
  Capture >50% of new DeFi project volume natively
  🔄 Planned
- HyperEVM
  Name
  Description
  Status
  Infrastructure Vision
  Position as "AWS of crypto" for scalable liquidity infrastructure
  ✅ Ongoing
  Rabby Wallet
  Integrate HyperEVM
  ✅ May 20, 2025
  DeBank
  Integrate HyperEVM
  ✅ May 20, 2025
  100+ Projects
  Expected project launches on HyperEVM
  🔄 Planned
  Mass Adoption
  Support millions of users engaging with Hyperliquid-powered products
  🔄 Planned
Community
Name
Description
Status
Community Growth
Passionate, user-owned community with no private investors
✅ Ongoing
Zero Private Investors
Entirely self-funded development with community-first approach
✅ Ongoing
Community Revenue
Millions in revenue redistributed to community through HLP and AF
✅ Ongoing
Token 2049 event
Meet the Core Contributor
✅ Aug 24, 2023
Hyperliquid event
Community event in Singapore
✅ Sep 17, 2024
HypurrCo Singapore
turnout of over 100+ people and 15 projects
✅ Feb 12, 2025
HypurrCo Hong Kong
turnout of over 100+ people
✅ Feb 21, 2025

Why This Matters

Hyperliquid's foundation is set: no fees to middlemen, community ownership, and millions in revenue flowing back to users. The focus for 2025 is clear, complete decentralization, expand the HyperEVM ecosystem, and establish Hyperliquid as the go-to liquidity infrastructure for builders aiming to onboard trillions in value as finance moves onchain.

Stay tuned for updates and enjoy exploring the Hyperliquid ecosystem!

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Last updated 21 days ago