How and Why We Are Building hPerps, Haven1’s Perpetual Trading Protocol

Perpetual futures have become a cornerstone of crypto markets, driving liquidity, adoption, and engagement across ecosystems and offering traders an important instrument to use for their digital assets.

First of all, what are perps?

“Perpetual futures are derivative contracts without an expiry date. They allow traders to speculate on the underlying asset prices indefinitely,” explains online brokerage XM.com. Essentially, this means traders can predict whether an asset will go up or down rather than simply owning it. Each trade comes with a liquidation price at which the trade is lost if the asset price goes against the trader’s prediction.

In the case of leveraged trading, they can boost their prediction using multiples, allowing them to control a larger position. However, leveraged trading increases liquidation risk and volatility.

Having defined it, let’s look at why it is so crucial and how we are taking a unique approach with Haven1 and our hPerps product.

hPerps Explained

1. Deep Liquidity and Market Efficiency

Perpetual trading is a major driver of liquidity in crypto markets. Unlike spot markets, perpetual futures allow traders to take leveraged positions without needing to hold the underlying asset. 

This brings more activity into the ecosystem and increases trading volume, which supports better price alignment and usability across the network.. For a new Layer-1, deep liquidity from the start helps establish credibility and attracts users who seek active markets.

2. Attracting Traders and Users

Crypto traders, particularly those in DeFi, look for robust trading opportunities. Perpetual markets appeal to both institutional and retail traders, offering hedging strategies, leveraged exposure, and round-the-clock trading. 

By launching hPerps, we can immediately tap into this trader demand, driving early adoption and boosting our network activity.

3. Strengthening the DeFi Ecosystem

DeFi is a major focus for Haven1. This explains why we verify all developers, are attracting institutional capital and audit all smart contracts to ensure against scams, rug pulls and other malicious activities that you see among open DeFi networks.

Derivatives markets will increase our capital efficiency by enabling traders to take positions without moving large amounts of assets. This supports other services that we will launch including lending markets, capital-efficient positions, and new DeFi mechanisms fostering a more dynamic and interconnected DeFi environment. 

4. The Haven1 perp DEX, hPerps

We are building hPerps to give our community the tools to take advantage of perpetual trading without needing to use a centralized exchange, which typically charges a wider spread of fees for each trade.

The DEX will also give our community the opportunity to contribute liquidity and participate in protocol-level trading infrastructure, with returns determined by market activity and protocol parameters.

5. All Value Flows into the H1 Token

Perpetual trading is one of the most profitable businesses in crypto if you look at major players like Binance, Coinbase and others. It can account for anything up to 75% of revenue so this is essential for any cryptocurrency firm and ecosystem. 

Hyperliquid, for example, is one of the 10 top products in crypto based on 24-hour revenue, generating more than Ethereum, Uniswap, Base and even wallets like Metamask, according to Defi Llama. 

In more detail: Hyperliquid has generated over $87 million in fees since it launched mainnet at the end of November 2024—$51 million alone came in January 2025. GMX is another successful perp DEX, generating $370 million since September 2021.

In our case, hPerps is designed to contribute to the overall sustainability and infrastructure growth of the Haven1 protocol.

All activity fees generated through hPerps will remain within the Haven1 ecosystem, supporting network operations and reinforcing onchain activity.

In other blockchains, third party perp DEXes or Unlike other blockchains where third-party perp DEXes may operate independently, hPerps is fully integrated into the core Haven1 protocol.

An Essential Piece to DeFi 2.0—Strengthening Protocol Utility

Perpetual trading isn’t just a feature—it’s a catalyst for liquidity, adoption, and ecosystem growth. 

We are building Haven1 to usher in DeFi 2.0 and it starts with the core building blocks, built into the network, and is complimented by a robust ecosystem of 3rd-party built applications.

By launching hPerps, Haven1 will accelerate network effects, attract a critical mass of users, and establish itself as a secure and composable network for DeFi innovation.. In an increasingly competitive market, having perpetual trading from day one isn’t just beneficial—it’s essential.

We’re excited to show you the full offering when mainnet launches.

Stay tuned for more blog posts on our upcoming mainnet features—and follow us on X for all the news: @Haven1official