# Pump.fun Adds Leveraged Perps via Hyperliquid

*Author: Bankless*
*Published: Oct 16, 2026*
*Source: https://www.bankless.com/read/news/pump-fun-adds-leveraged-perps-via-hyperliquid*

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Pump.fun isn't just a memecoin launchpad anymore. The platform has switched on[ leveraged perpetual futures trading](https://x.com/mdudas/status/2111127276003930428) inside its app, and it's leaning on Hyperliquid for the heavy lifting. 

# **What's the Scoop?**

- **The plumbing:** Pump.fun plugs in through Hyperliquid's [builder codes](https://hyperliquid.gitbook.io/hyperliquid-docs/trading/builder-codes), a setup that lets outside apps pipe user orders into Hyperliquid's books and pocket a cut of the fees. Hyperliquid's HyperCore engine does the matching and runs liquidations. 

- **The leverage:** Early reports put max leverage at 40x on BTC and 25x on ETH. The perps are off-limits in the U.S. and Ontario. 

- **Background prep:** Perps data first surfaced in Pump.fun's API around Oct. 9th, and the launch follows the platform's HyperEVM spot trading integration in August. 

- **Interesting timing:** Pump.fun briefly out-earned Hyperliquid on a weekly basis in late September. Now it's routing its traders straight into Hyperliquid's order books, a neat snapshot of the builder-code era, where frontends and venues can be rivals and partners at once.
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