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Ventuals, the project behind perpetual futures tied to OpenAI and Anthropic valuations said Monday it is winding down. The team will join another project building within the Hyperliquid ecosystem.
The closure halted trading in the OPENAI and ANTHROPIC markets, with positions settled automatically at trailing 24-hour time-weighted average prices.
OpenAI and Anthropic Markets Settle at 24-Hour TWAPs
The OpenAI and Anthropic markets were frozen at TWAPs of $1,341.80 and $1,618.90, respectively, then halted for trading at 10:30 a.m. and 11:30 a.m. ET Monday. Ventuals said its remaining commodity and index markets, including WHEAT, SOY, MAG7, and SEMIS, will also be settled on June 18 as part of the wind-down.
vHYPE holders will be able to withdraw their deposited HYPE on a 1:1 basis, plus accrued staking yield, with withdrawals opening June 19. The project said its points and referral programs have been discontinued and confirmed there will be no Ventuals token.
Ventuals said it generated more than $650 million in trading volume and attracted over 500,000 HYPE in community support during its run. The team did not disclose details about the project it plans to join.
HIP-3 Framework Lets Third Parties Build Custom Markets
Ventuals’ OpenAI and Anthropic contracts were launched through Hyperliquid’s HIP-3 framework, which allows third-party teams to create and manage their own perpetual futures markets on the exchange. The model has helped expand Hyperliquid’s offerings beyond cryptocurrencies into niche markets that would be difficult to list on traditional exchanges.
The contracts gave traders exposure to two of the world’s most closely watched AI companies despite neither being publicly traded, letting users speculate on valuation changes without owning shares. Hyperliquid processed roughly $234 billion in perpetual futures volume over the past month, according to DefiLlama data.
Closure Highlights Consolidation in Hyperliquid’s HIP-3 Ecosystem
The shutdown comes as Hyperliquid’s HIP-3 ecosystem continues to evolve, with activity concentrating around a smaller number of operators. TradeXYZ, another Hyperliquid-native project, has emerged as the dominant player in the category, accounting for nearly 97% of HIP-3 trading volume.
Its markets include contracts tied to companies such as SpaceX before its public debut, and that SpaceX market correctly anticipated the company’s strong opening-day performance above its $135 IPO price.
