Pump.fun has launched perpetual futures through its platform interface, expanding beyond memecoin trading into leveraged crypto derivatives powered by Hyperliquid. Eligible users can trade cryptocurrency contracts while Hyperliquid provides the underlying execution infrastructure and liquidity. API data shared around October 9, 2026, indicates Pump.fun sources BTC and ETH funding rates and open interest from Hyperliquid’s HyperCore mainnet rather than operating its own derivatives engine. Traders can access up to 40x margin on BTC and 25x on ETH, increasing both potential gains and losses. The offering follows Pump.fun’s August 26, 2026, addition of HyperEVM support for USDC-denominated spot trading with near-zero fees and places it in competition with FOMO, which introduced Hyperliquid-based perpetuals in June 2026.