Hyperliquid ecology is booming: One-article speed pump platform Hypurr

Author: Nan Zhi

Last Saturday, the market value of Farm, a token born from Hypurr Fun, hit $20 million after being listed on the Hyperliquid spot market. While HYPE continues to rise like a bulldozer, the success of Farm has attracted the attention of many users to the Hypurr Fun ecosystem. As an order book-based DEX, Hyperliquid’s token listing is different from permissionless forms such as Raydium. How does Hypurr, a pump.fun-like platform, integrate with it? What are the specific rules and transaction procedures behind it? Odaily will sort out and interpret this article.

Essential basic knowledge: Hyperliquid spot listing auction

According to official documentation , HIP 1 is the supply-capped (FT) token standard and is the form of most tokens in Hyperliquid. Dev in HIP 1 tokens can define multiple parameters, the most critical of which include the maximum supply, initial supply, and Dev retention amount.

Hyperliquid’s currency listing process is a Dutch auction that lasts 31 hours . During this period, the token deployment fee will linearly decrease from the initial price to 10,000 US dollars of stable currency (USDC) until a token is auctioned and listed on the Hyperliquid spot market. If the last auction fails, the initial price will revert to $10,000 of stablecoins, otherwise the starting price of the auction will be double the previous price.

For example, the winner of the last auction as of this post is MON, and the winning bid is $487,936. Then the starting price of the next auction will start at $975,873 coins and continue to decrease over time.

Hyperliquid ecological pump

In response to Hyperliquid's currency auction mechanism, Hypurr Fun came into being. This agreement is equivalent to establishing a "crowdfunding" platform, in which participating users invest funds and then compete for the spot currency quota on Hyperliquid (the term in Hyperliquid is Spot Deployment).

Token information query platform

You can query Hypurr token information and transaction status through the web version , including project introduction, token price, market value, transaction volume and other basic information.

At the same time, you can also obtain new coins through the Telegram channel. The path is Hypurr official bot → Prelaunch market channel → Launch Alert sub-channel. Through Telegram, you can know which new tokens have been added in real time without having to refresh the web page to obtain them.

In addition, the X platform account Hyperliquid News also provides relevant information, but it is not sure whether it is an officially supported account. Therefore, it is recommended to only obtain information from it and not conduct any trading operations through this account.

Transaction method

Currently, Hypurr Fun only supports purchases through Telegram Bot . After entering the Bot, a pop-up message will provide the wallet address. You can also obtain more information through the Wallet module. Currently, it only supports transfer and recharge from Hyperliquid L1 or Arbitrum. Please note that only native USDC recharge is supported. (USDC.e is not supported).

Purchasing tokens is rather strange. The most common way is to jump to the token channel from the web version, and then jump to the Trade interface through the pinned message (the author has not found a way to search for tokens directly from Telegram).

Another way is to purchase through "/launches" (optional transaction volume or price sorting) or "/chat" on the Telegram homepage. The former is an official data filtering tool. Click to directly select the purchase quantity. The latter is a public chat channel where you can discover popular tokens and trade them by clicking on them.

Personal opinion: Savage period and rising period

According to the author's subjective experience, Hypurr is still in its early stages and continues to rise, so there may be more "nugget" opportunities.

The tools are obviously very imperfect and cannot be compared with other mature pump ecosystems. In addition, the information is currently incomplete. For example, the spot listing rules (the first picture in this article) are very difficult to find the specific location and information. Although multiple KOLs have mentioned the currency listing rules, no one has listed the specific information sources. , only one picture is visible so far.

In terms of popularity, Farm set a record of US$180,000 in listing fees at that time, and then SOVRN hit a record of US$260,000 yesterday. When posting today, MON directly broke through to US$480,000. You can see that the popularity is getting higher and higher.