On August 29th, on Hyperliquid, XPL continued to surge, breaking through $1.1. The current annualized funding rate is as high as 254%, with a 36% positive premium compared to $0.808 on Binance.

Early yesterday morning, Hyperliquid implemented a new mark price calculation method for pre-market perpetual contracts. The contract's mark price will use the standard mark price formula, combined with the price of external pre-market perpetual contracts (if any).