Pump.fun, the memecoin launchpad that launched in January 2024, is diversifying into crypto perpetual futures with up to 40x leverage on BTC and 25x on ETH, powered by Hyperliquid’s HyperCore infrastructure rather than building its own derivatives engine. In early October 2026, Pump.fun had surpassed Hyperliquid in 30-day revenue, while Hyperliquid’s perpetual market recorded $12.43 billion in daily trading volume in late August 2026. The platform is tapping into Hyperliquid’s liquidity pool for its new offering, entering a derivatives market that rival FOMO had already entered with Hyperliquid-based perpetuals in June 2026.
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