Ventuals shuts down Hyperliquid markets for OpenAI, Anthropic

Ventuals, a project that facilitated trading of synthetic perpetuals tied to private technology companies like OpenAI and Anthropic on the Hyperliquid blockchain, is shutting down. The team announced the closure of its markets, citing a lack of a viable path to launching a sustainable token. Despite processing over $650 million in trading volume and raising more than 500,000 HYPE, Ventuals will wind down its operations. All deployed markets, including those for OpenAI and Anthropic, are entering a structured settlement phase, allowing vHYPE holders to withdraw their deposited HYPE on a 1:1 basis. The shutdown highlights the challenges in building scalable and sustainable blockchain-based private market infrastructure, even as investor demand grows. Hyperliquid's native token, HYPE, has shown resilience, outperforming the broader crypto market, with its pre-IPO perpetual futures ecosystem gaining momentum.