Ventuals, which was involved in real-world asset perpetuals on Hyperliquid, has announced its decision to close its markets and transition to a new project within the ecosystem.
By Krisztian Sandor|Edited by Aoyon Ashraf Jun 15, 2026, 6:14 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on trader (Pixabay)SummaryShow- Ventuals, responsible for the OpenAI and Anthropic perpetual markets on Hyperliquid, announced it is closing its markets and merging with another team in the ecosystem.
- Trading for OpenAI and Anthropic perpetual contracts has been suspended and all positions have been settled.
- Hyperliquid's perpetual markets have gained traction as a favored tool for traders to speculate on various asset prices, including those of private companies.
A significant participant in Hyperliquid's expanding derivatives marketplace is ceasing operations, indicating a trend of consolidation in this rapidly evolving sector.
On Monday, Ventuals, which managed perpetual futures linked to the valuations of OpenAI and Anthropic, stated that it is winding down and will integrate with another project within the Hyperliquid ecosystem.
This decision has led to the suspension of trading in the OPENAI and ANTHROPIC markets, with all positions being automatically settled. Additional markets are expected to close in the near future. During its operation, the team reported generating over $650 million in trading volume and securing more than 500,000 HYPE in community backing.
This closure comes at a time when crypto-focused trading platforms are increasingly branching out into markets traditionally associated with Wall Street. Traders now have the ability to use perpetual futures to speculate on commodities, stocks, and private company valuations through blockchain-based platforms.
Hyperliquid has positioned itself as a leading venue in this trend, having processed approximately $234 billion in perpetual futures volume in the previous month, according to data from DefiLlama.
The perpetual contracts for OpenAI and Anthropic were launched via Hyperliquid's HIP-3 framework, which allows external teams to create and oversee their own perpetual futures markets on the exchange. This framework has enabled Hyperliquid to broaden its offerings beyond cryptocurrencies into unique markets that would be challenging to list on conventional exchanges.
These contracts provided traders with exposure to two of the most observed AI companies in the world, even though neither is publicly traded. Instead of owning shares, users could speculate on potential valuation changes over time.
The shutdown also underscores the increasing consolidation among HIP-3 market operators.
TradeXYZ, another project native to Hyperliquid, has emerged as the leading entity in this arena, accounting for nearly 97% of the HIP-3 trading volume, with markets that include contracts linked to companies like SpaceX (SPCX) ahead of its public offering.
Notably, TradeXYZ's SpaceX market accurately predicted the company's successful market debut and the stock's initial surge past the $135 IPO price.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk Research7 hours agoIn May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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