Ventuals

Ventuals

On-chain perpetual futures for private valuations

Overview

Ventuals is a DeFi platform that lets users trade perpetual futures tied to the valuations of private, pre-IPO companies. It uses Valuation Units to represent a company’s total value, with futures margined and settled in USDH and prices set by a hybrid oracle that blends off-chain data and on-chain price. Built on the Hyperliquid Layer 1 with HIP-3, it can create custom markets without building an exchange, enabling long or short bets on valuations of names like SpaceX and OpenAI. Its goal is to open up illiquid private-market exposure by offering on-chain, valuation-based derivatives and sector-focused indices accessible to a broad range of investors.

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About Ventuals

Simplify's Rating
Why Ventuals is rated
D-
Rated D- on Competitive Edge
Rated D- on Growth Potential
Rated D- on Differentiation

Industries

Data & Analytics

Fintech

Crypto & Web3

Financial Services

Company Size

1-10

Company Stage

N/A

Total Funding

N/A

Headquarters

Decentralised

Founded

2025

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Simplify's Take

What believers are saying

  • HIP-3’s 500,000 HYPE requirement creates scarcity, blocking casual copycat deployers.
  • Ventuals proved demand for private-company synthetics, attracting speculative flow into illiquid names.
  • Its sunset returned HYPE to vHYPE holders, preserving trust after the June 2026 wind-down.

What critics are saying

  • Ventuals announced shutdown June 15, 2026, ending trading and liquidating all markets.
  • OpenAI and Anthropic markets settled June 15, proving product fragility around oracle governance.
  • Existentially, the founders joined another Hyperliquid project, leaving Ventuals without an operating future.

What makes Ventuals unique

  • Ventuals pioneered pre-IPO perpetuals on Hyperliquid’s HIP-3, launched November 13, 2025.
  • It monetized private-company valuations, including OpenAI and Anthropic, without accredited-investor gatekeeping.
  • By June 2026, it reported over $650 million volume and 500,000 HYPE raised.

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Benefits

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