Top 10 Promising Emerging Hyperliquid Native Protocols to Watch
Title: A Review of 10 Emerging Native Protocols on Hyperliquid
Hyperliquid is evolving beyond perpetual contracts into a comprehensive on-chain financial stack. This article highlights 10 key native protocols driving this growth:
1. **Monetrix**: A yield-optimizing protocol akin to Ethena, aggregating funding rates, HLP rewards, maker rebates, and HIP-3 into a single stablecoin yield.
2. **ROSETTA**: An automated stablecoin yield router, allocating USDC across top protocols (e.g., Felix, Aave, HLP) for optimal returns, factoring in gas and slippage.
3. **papertrade.xyz**: A fair-launched perpetuals protocol offering up to 1000x leverage, no funding rates, no slippage, and fully on-chain, oracle-based execution.
4. **alt.fun**: A launchpad where tokens are paired with leveraged perpetual positions (2x-5x), linking token price to trading activity and underlying position performance.
5. **Ventuals**: Pre-IPO perpetual contracts (built on HIP-3) allowing up to 10x leveraged speculation on valuations of private companies like SpaceX and Stripe.
6. **Liminal**: A delta-neutral yield protocol that captures funding rates via automated short positions and uses generated xTokens (xBTC, etc.) as DeFi collateral.
7. **Melt**: Brings tokenized stocks, commodities, and RWAs to Hyperliquid spot markets, enabling 24/7 trading alongside crypto assets.
8. **Chainsight**: An oracle and data infrastructure protocol providing low-latency (<3s) price feeds, volatility indices, and risk metrics for novel derivatives.
9. **rip.xyz**: Tokenized vault strategies on HyperEVM; its flagship rHYPURR offers liquidity and fractional exposure to a Hypurr NFT basket, priced hourly via NAV.
10. **Markets**: A perpetuals exchange (by Kinetiq) for trading stocks, forex, commodities, bonds, and crypto with up to 50x leverage, using USDH collateral and Kaiko oracles.
These protocols form the foundational layer for generating real yield, liquidity, and innovative financial products natively on Hyperliquid.
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