WSJ: Hyperliquid Becomes Wall Street's Go-To Weekend Perps Venue

Hyperliquid is emerging as a key weekend and after-hours venue for Wall Street traders to trade perpetual futures, the Wall Street Journal reported, as round-the-clock onchain markets pull activity away from traditional exchanges.

Key Takeaways:

• The Wall Street Journal claims Hyperliquid is now the go-to weekend perps venue for Wall Street traders.
• One trader booked a 243% gain on a Saturday oil bet placed hours before traditional futures reopened.
• ICE Chair Jeffrey Sprecher called Hyperliquid a "wake-up call," citing its 70%-plus grip on decentralized perps.

When the Markets Close, Hyperliquid Stays Open Hyperliquid, a decentralized exchange (DEX) built for perpetual futures, has become a destination for Wall Street traders looking to act on market-moving news when traditional venues are shut, the Wall Street Journal (WSJ) reported. The article framed the platform as a kind of after-hours and weekend trading floor, where hedge funds, proprietary trading shops, and crypto-native funds can build or unwind large positions on macro events that break outside normal hours.

Perpetual futures, or "perps," are derivatives that let traders bet on an asset's price with leverage and no expiration date. Hyperliquid offers them around the clock, spanning not only cryptocurrencies but synthetic markets tied to crude oil, silver, the Nasdaq