After a quiet web rollout in mid-October, the Solana memecoin launchpad has officially switched on perpetual futures in the Pumpfun app, with trading routed to Hyperliquid's order books.

Users can long or short 300+ Hyperliquid markets across crypto, stocks and commodities, funded straight from their USDC balance with no bridging.

The integration runs through Hyperliquid's builder codes: HyperCore handles matching, margin, funding and liquidations, while Pump.fun keeps the user and a share of fees. Early reports put max leverage at 40x on BTC and 25x on ETH, and the product is unavailable in the U.S. and Ontario.

The launch pairs perps with Pump.fun's social layer, letting traders call out positions for rewards. It also turns a recent rival into a partner: Pump.fun briefly out-earned Hyperliquid on weekly revenue in late September.