Hyperliquid Pushes Boundaries With Permissionless Spot Quotes and Hypurr NFTs

Hyperliquid is once again setting the pace in crypto innovation. The exchange has gone live with permissionless spot quote assets on mainnet, giving deployers new freedom to build trading pairs.

At the same time, its foundation rolled out commemorative NFTs, sparking big speculation on potential utility and record secondary sales.

Together, these moves highlight Hyperliquid’s ambition to become more than a trading platform. It’s laying the groundwork for a full ecosystem.

Hyperliquid’s latest feature allows any asset to become a quote asset. Stable asset deployers can enable quote status by meeting the onchain requirements laid out in Docs. Once enabled, the asset can serve as a base for new spot pairs.

The deployment flow is simple but powerful:

•  Any quote asset can be used in the first spot pair of an HIP-1 token launch.
•  Additional pairs between existing base and quote assets can be created via a permissionless Dutch auction.
•  These Dutch auctions run independently of HIP-1’s main token auction.

This design removes bottlenecks and puts the creation of pairs in the hands of the community. Instead of waiting on a central gatekeeper, liquidity can now form organically.

USDH Takes the Lead

@nativemarkets moved first. The account deployed USDH as the first permissionless quote asset. Trading for HYPE/USDH is now live, marking the debut of this new model.

USDH sets the tone as a stable asset with strong potential for integrations. More pairs are expected to follow, with deployers able to launch without permission.

Hyperliquid described the system as a key unlock for builders.

The market will decide which pairs gain traction, but the pathway is now open.

Even as new features roll out, Hyperliquid’s culture of memes and sharp takes remains alive. The platform recently proposed to blacklist Arthur Hayes from buying $HYPE.

The reason? Community members joke that Hayes’ trades act as the ultimate sell signal. Some warn that if he buys, the HYPE chart could collapse into a “Bart Simpson haircut.”

The tongue-in-cheek proposal shows how deeply meme culture has embedded into Hyperliquid’s community. It’s not just an exchange, it’s a place where market banter shapes sentiment.