Overview
- Ventuals announced it was winding down and on Monday halted trading in its OPENAI and ANTHROPIC perpetuals and automatically settled all open positions.
- The project said vHYPE holders will be able to withdraw their staked HYPE at a 1:1 ratio plus any staking yield once settlements complete.
- Some community members criticized the settlement prices as unreasonable, underscoring that contracts tied to illiquid private companies lack clear reference prices and can produce contested outcomes.
- Ventuals reported more than $650 million in trading volume and over 500,000 HYPE of community support during its run, and its team said it will join another project inside the Hyperliquid ecosystem while remaining HIP‑3 markets are settled in the coming days.
- The shutdown sharpens a broader shift on Hyperliquid toward consolidated third‑party operators and large-scale private‑asset perpetuals, with TradeXYZ now capturing the vast majority of HIP‑3 volume and the exchange processing roughly $234 billion in monthly perpetuals volume.