What to Know:
- Permissionless spot quote assets debut with HYPE/USDH trading live, enabling flexible new pair launches.
- Hypurr NFTs celebrate Hyperliquid’s early supporters, with 4,600 unique community-driven pieces minted.
- HYPE trades at positive, supported by Cathie Wood’s endorsement and the new integration.
Hyperliquid has made two big announcements this week: the launch of permissionless spot quote assets on its mainnet and the release of its long-awaited Hypurr NFT collection. Both updates highlight the project’s fast-growing ecosystem and its push to blend serious financial infrastructure with a strong sense of community.
Permissionless Spot Quote Assets Go Live
In a post on X, Hyperliquid confirmed that permissionless spot quote assets are now live on its mainnet. This new feature allows stable asset deployers to enable “quote asset” status if they meet certain on-chain requirements.
What does that mean in practice? Any approved stable asset can now serve as the “quote asset” when creating the first spot pair of a HIP-1 deployment. From there, additional trading pairs can be launched between existing base and quote assets through a permissionless Dutch auction. Importantly, this auction system is separate from the HIP-1 token auction.
The very first permissionless quote asset, USDH, was deployed by Native Markets. As a result, the HYPE/USDH trading pair is already live, opening the door for more permissionless pair deployments in the future. This development means that new assets can more easily join Hyperliquid’s ecosystem without relying on centralized approvals, giving developers and traders more flexibility.
Hypurr NFTs Finally Arrive
The Hyper Foundation also said that Hypurr NFTs are now officially available on the HyperEVM. The first hints about these NFTs came out at the Genesis Event in November 2024, when some early community members could choose to get one when the HyperEVM went live.
The HyperEVM, which came out in February 2025, is a programmability layer that connects directly to Hyperliquid’s L1 using the HyperBFT consensus protocol. It lets smart contracts on the HyperEVM read and act on HyperCore’s state, which lets developers make more complex apps like lending platforms, liquid staking tokens, and tokenized vaults.
The Hypurr NFT collection was made as a special thank-you to the people who helped Hyperliquid get started. The playful character “Hypurr” shows off the community’s different moods, hobbies, and quirks in each NFT.
There were 4,600 NFTs made in all. Of these, 4,313 went to people who took part in the Genesis Event, 144 were set aside for the Hyper Foundation, and 143 were given to core contributors like Hyperliquid Labs, artists, and other supporters.
The Hyper Foundation’s website has information about the terms and licensing rules that come with owning Hypurr NFTs. To make sure everyone had a fair chance, participants were screened through a risk-based program, and clustering analysis was used to stop “sybil” behavior. The collection’s contract address is public, so holders can check to see if it is real and avoid being scammed.
HYPE Token Price Action
Hyperliquid (HYPE) has also been in the news as the ecosystem grows. HYPE token is currently trading at $46.61, which is a 1.3% increase from the last 24 hours.
There are a few important things that are making this movement happen. Cathie Wood, the CEO of ARK Invest, called Hyperliquid the “new kid on the block” and said that its rise was similar to Solana’s early days. Even though ARK hasn’t confirmed its holdings, the endorsement gave Hyperliquid a lot of attention and made people think that other institutions, like VanEck, might be interested. Yesterday, Hyperliquid allowed HYPE/USDH spot trading, and Native Markets put up 200,000 HYPE tokens to help with liquidity. People have seen this as a way to fight back against competition from rival Aster DEX, but it hasn’t yet made HYPE’s weekly performance any better.
Looking Ahead
The future of Hyperliquid’s ecosystem will depend on how quickly developers start using permissionless spot quote assets and how the HyperEVM community interacts with new projects. Now that HYPE/USDH is live, it’s likely that more trading pairs will come along, which will make the market more liquid and flexible.
Hypurr NFTs could also become a sign of Hyperliquid’s early culture and digital keepsakes that show how the platform has grown from an ambitious project to a thriving ecosystem.
