Hyperliquid Launches XMR/USDC Contract for Advanced Trading

2 mins mins

Key Points:

Hyperliquid introduces XMR/USDC perpetual contract with 5x leverage for traders.
Monero price rises by 6%; trading volume grows 13% after launch.
Initiative aligns with increased demand for decentralized privacy-based derivatives.

Hyperliquid introduced an XMR/USDC perpetual contract with 5x leverage on January 15, 2026, via Felix Protocol’s permissionless deployment, enhancing Monero trading options.

The launch boosted Monero’s (XMR) price by 6% and increased trading volume by 13%, highlighting intensified interest in privacy-centric financial products.

Hyperliquid Expands Monero Trading with 5x Leverage

Hyperliquid introduced an XMR/USDC perpetual contract in collaboration with Felix Protocol, using their HIP-3 mechanism for deployment. This follows a pattern of offering privacy coin-linked derivatives, enhancing trading diversity and liquidity options. The project aims to expand decentralized market accessibility.

The new contract enables traders to leverage Monero assets, providing up to 5x trading leverage. This opens avenues for traders interested in privacy-focused assets, aligning with growing interest in privacy coin derivatives amid regulatory challenges in spot markets.

XBToshi, Monero Community Contributor, announced the launch on X, stating: “The launch of the XMR/USDC perpetual contract is a significant step forward for privacy-centric trading.”

Market reactions included a 6% price rise for Monero to $431 and a 13% increase in trading volume, signaling strong market interest.

Monero’s Market Surge Highlights Derivative Impact

Did you know? The surge in Monero’s price and trading volume after Hyperliquid’s launch reflects a historical trend where derivatives allow price discovery amid shrinking spot trade options.

Monero (XMR) is currently priced at $564.48 with a market cap of $10.41 billion. Its 24-hour trading volume is $232.27 million, a drop of 27.68%. Despite this, XMR has gained 16.82% over the last week, according to CoinMarketCap.

monero-daily-chart-13 — Monero(XMR), daily chart, screenshot on CoinMarketCap at 04:07 UTC on January 18, 2026. *Source: CoinMarketCap*

Coincu’s research team suggests that this move by Hyperliquid could stimulate broader adoption of decentralized trading platforms. The contract addresses the demand for privacy-focused financial tools, potentially influencing other exchanges to adopt similar offerings to cater to market dynamics.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.