OpenSea suggested that trading of open-ended contracts (loops) would be launched based on the Hyperliquid infrastructure. The head of platform product marketing, Zach Brenner, confirmed this information in social network X, answering affirmatively to a direct user question about choosing Hyperliquid as the technological base.

The decision to integrate Hyperliquid’s prebuilt infrastructure instead of building its own exchange from scratch will allow OpenSea to accelerate derivatives market entry significantly. For Hyperliquid, this partnership will be an additional channel to attract users from one of the best-known NFT platforms in the industry.

The expansion of the product line seems a logical step in the face of the decline of the NFT market: although OpenSea retains about 20% of the market with a monthly volume of $66.5 million, these indicators are insufficient to maintain the previous activity. Previously, the company postponed launching of the native SEA token due to weak market conditions. Details of the new product, including launch date and available assets, pending disclosure.