Hyperliquid upgrades TWAP orders with trigger-price activation, extended runtime to seven days, and lower $100 minimum size.
DeFi & Yields ·
Hyperliquid has expanded its time-weighted average price (TWAP) order functionality with five new features now live on-chain. The upgrades include trigger-price activation, which executes a TWAP order once the mark price reaches a user-specified level, and price termination settings that automatically close orders when the mark price crosses defined thresholds. The platform extended TWAP runtime to seven days and reduced the minimum order size to $100 notional, down from an earlier threshold.
The mechanics now allow dynamic adjustment of suborder intervals based on total order size and duration, replacing the previous fixed 30-second interval, though 30 seconds remains the floor. Individual suborders still require a $10 notional minimum. These features operate fully on-chain, meaning execution rules and termination logic are enforced directly by the protocol rather than relying on off-chain coordination.
The upgrade follows Hyperliquid's separate announcement of HIP-4 permissionless deployments launching on testnet, though details on that initiative remain sparse in available material. It is unclear whether these TWAP enhancements have rolled out to mainnet or remain exclusive to a specific trading environment.