Crypto Scenario Insights
What happened
Ventuals, the creator of OpenAI and Anthropic perpetual markets on Hyperliquid, is winding down and merging with another ecosystem project.
What we think
The most likely outcome of the Ventuals shutdown is a neutral consolidation, with a 60% probability, as settled capital is expected to rotate into other active Hyperliquid markets.
Read the analysis
Hyperliquid RWA Perp Consolidation: Does the Ventuals Exit Threaten HYPE Ecosystem Liquidity?
We explain what happened and what could follow. We do not forecast prices.