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Ventuals Shuts Down AI Markets on Hyperliquid and Joins Another Project

Ventuals is shutting down its AI markets on Hyperliquid and joining another project. The move highlights the rapid consolidation inside the HIP-3 ecosystem.

By Luc Vesters
• 1 min read
Ventuals Shuts Down AI Markets on Hyperliquid and Joins Another Project

Key Takeaways

  • Ventuals is shutting down the OPENAI and ANTHROPIC AI markets on Hyperliquid and joining another project within the ecosystem.
  • Positions in these contracts were automatically settled, and other Ventuals markets will close over the next few days.
  • Within HIP-3, TradeXYZ now controls almost 97% of trading volume, pointing to further consolidation.

Trading in perpetual futures tied to the valuations of AI companies OpenAI and Anthropic on the Hyperliquid platform has been stopped. Ventuals, the team behind these markets, said it is ending its operations and joining another project within the Hyperliquid ecosystem. Positions in the OPENAI and ANTHROPIC contracts were automatically settled, and other Ventuals markets will also close over the next few days.

Growth and Consolidation Within Hyperliquid

During its run, Ventuals generated more than $650 million (€560 million) in trading volume and collected more than 500,000 HYPE tokens in community support. This shows how fast Hyperliquid has grown as a trading platform for perpetual futures, with the platform hitting about $234 billion (€202 billion) in trading volume over the past month. With the HIP-3 framework, Hyperliquid lets outside teams create and manage their own markets, which has led to a wider range of offerings beyond traditional cryptocurrencies. That fits into a broader trend where major exchanges are adding new products to keep users and capital on the platform, such as the move into stocks and commodities.

TradeXYZ's Dominance Within HIP-3

The shutdown of Ventuals markets also highlights the growing consolidation inside the HIP-3 ecosystem. TradeXYZ, another project within Hyperliquid, now dominates almost 97% of trading volume within HIP-3. The project has launched markets for tokenized stocks and other assets, including a SpaceX contract that accurately predicted the IPO and price surge. TradeXYZ's dominance raises questions about competition and the long-term viability of smaller players in this niche market.

Why This Matters for European Crypto Traders

For European traders, this development could point to even more trading activity concentrating on specialized platforms like Hyperliquid. The success and dominance of projects like TradeXYZ within HIP-3 could affect how easy it is to access markets and how diverse those markets are for retail and institutional investors in Europe, especially as interest grows in crypto-driven derivatives and AI-related assets.

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