‹ BackNewsVALR

VALR

VALR launches Borrow, a crypto-backed lending service
South Africa Proposes Restricting Corporate Crypto Transfers; VALR CEO Warns of Oversight Risk
South Africa releases draft crypto cross-border transfer rules as VALR CEO warns of capital flight
Hyperliquid builder integrations generate $90 million as MetaMask and VALR plug in
Hyperliquid
2026-07-28 14:49:01

Hyperliquid turns perp liquidity into DeFi infrastructure as wallets and exchanges plug in

Hyperliquid is moving beyond its role as a decentralized perpetual futures exchange and positioning itself as shared market infrastructure for other crypto apps. The platform’s Ethereum-compatible HyperEVM links directly to its in-house HyperCore chain, allowing wallets, exchanges and other applications to tap into the same liquidity and execution layer instead of building separate markets. According to Flowscan, hundreds of developers are now using Hyperliquid’s builder codes, including MetaMask, Phantom and South African exchange VALR, with builders generating about $90 million in revenue so far. Supporters describe the model as closer to infrastructure than a standalone trading venue. Hyperion DeFi CEO Hansu Jian compared Hyperliquid to “AWS for finance,” saying the main service is liquidity rather than just perp trading. Hyperliquid Labs’ Sterling Barnett said integrators can keep control of their own user experience while relying on Hyperliquid for matching and execution. MetaMask and VALR offer two examples of that approach. MetaMask has offered self-custodial access to perps from within its wallet since October 2025 and says real-world-asset perp markets have grown from a small share of volume at the start of 2026 to roughly a quarter today. VALR, which previously built its own perp infrastructure, said it struggled to reach enough volume and liquidity and chose to connect to Hyperliquid’s order book instead.

1930
Hyperliquid turns perp liquidity into DeFi infrastructure as wallets and exchanges plug in