Hyperliquid Launches XPL/USDC Perpetual Swap With 3x Leverage

Generated by AI AgentCoin World
Friday, Aug 22, 2025 5:31 am ET1min read
UNI
--
USDC
--
Aime RobotAime Summary

- Hyperliquid launched XPL/USDC perpetual swap contracts with 3x leverage, enabling traders to speculate on XPL’s price without expiration dates.

- A whale deposited $10M USDC and leveraged 40x to boost BTC/ETH long positions, signaling confidence in Hyperliquid’s liquidity and infrastructure.

- Binance’s concurrent XPLUSDT perpetual and Plasma USDT products highlight rising demand for leveraged crypto instruments amid rapid market sellouts.

- Hyperliquid’s $5.2M oversubscribed seed round for Hyperbeat and a phishing incident underscore both institutional interest and persistent DeFi security risks.

Hyperliquid has added a new derivative to its platform with the launch of XPL/USDC perpetual swap contracts, offering up to 3x leverage. This move allows traders to speculate on the price movements of XPL without the constraints of an expiration date, enhancing the flexibility available on the exchange [1]. The pre-market price for XPL is currently listed at $0.37506, according to the official website [1].

The launch follows a notable increase in platform activity. A whale recently deposited $10 million in

USDC
into Hyperliquid and leveraged 40x to increase a BTC long position, signaling strong confidence in the platform’s infrastructure and liquidity [1]. This same user also placed an open order for an ETH long position, highlighting ongoing bullish sentiment toward major crypto assets [1].

Hyperliquid has increasingly drawn attention for its capacity to handle substantial trading volumes and support advanced strategies. The introduction of XPL perpetual contracts is expected to attract traders seeking to hedge or speculate on the token’s price using leverage. XPL, potentially a niche or emerging token in the crypto space, may see increased prominence with the availability of such contracts [1].

The timing of Hyperliquid’s move coincides with similar actions from other exchanges. Binance has also announced offerings including pre-market trading for XPLUSDT perpetual contracts and a new fixed-term product for Plasma USDT [1]. The crypto market remains in a phase of active trading and high demand for leveraged instruments, as demonstrated by the rapid sellout of Binance’s $250 million USDT product within five minutes [1].

Hyperliquid’s development is also linked to growing institutional interest. A recent $5.2 million oversubscribed seed round for Hyperbeat, a yield infrastructure protocol on Hyperliquid, further highlights the platform’s potential to become a significant player in the decentralized trading ecosystem [2].

Despite the positive momentum, users must remain cautious. A recent incident involved a user who lost approximately $1 million in tokens and NFTs after falling victim to a fake

Uniswap
phishing transaction [1]. This underscores the ongoing importance of robust security practices and user education in the DeFi space.

Overall, the launch of XPL/USDC perpetual swap contracts by Hyperliquid marks another step forward in the expansion of financial instruments on decentralized exchanges. As the market continues to evolve, platforms that offer innovative and secure trading solutions are likely to see increased adoption. The coming weeks will provide insight into how traders respond to this new product and whether it contributes to further growth for Hyperliquid.

Sources:

[1] Odaily. (2025). A whale deposited 10 million USDC into HyperLiquid to ... https://www.odaily.news/en/newsflash/444556

[2] Crypto Adventure. (2025). Hyperbeat, a protocol powering yield infrastructure on the Hyperliquid decentralized exchange, has closed a $5.2 million oversubscribed seed round co-led by ... https://cryptoadventure.com/news/