NEAR Protocol says Hyperliquid perps are now live on its website

The launch lets users deposit assets from more than 35 chains into Hyperliquid and trade over 50 markets with leverage of up to 40x.

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Summary

NEAR Protocol said Hyperliquid perps (perpetual futures, contracts without expiry) are now live on its website, adding direct access to leveraged crypto trading through Hyperliquid. The rollout allows users to deposit any asset from more than 35 chains directly into Hyperliquid to access more than 50 markets with up to 40x leverage, according to the announcement. The move points to a push to make cross-chain onboarding into derivatives trading simpler by reducing the steps users need to move assets across networks before opening positions.

Terms & Concepts
  • perps: Perpetual futures contracts without expiry
  • leverage: Borrowed exposure that magnifies gains and losses
  • cross-chain: Working across multiple blockchain networks