MoonPay has added Hyperliquid support to MoonPay Gateway, giving users a one-click path from fiat payment methods to qualifying tokens in one of the largest decentralized trading ecosystems.

The company announced the integration on May 22, saying Gateway now allows users to purchase eligible Hyperliquid tokens directly from fiat without moving through the separate steps that typically define crypto onboarding: buying a base asset, bridging funds, swapping into the target token and confirming several transactions. The service is live for users in the United States, excluding New York, and in the United Kingdom, according to MoonPay.

The launch places MoonPay’s consumer and partner-facing payments infrastructure closer to decentralized derivatives trading, a segment that has grown rapidly as on-chain venues seek to challenge centralized exchanges on speed, liquidity and market breadth. Hyperliquid has emerged as one of the leading venues in that market, built around a high-performance Layer 1 blockchain, on-chain order books and an expanding ecosystem that includes perpetual futures, spot assets and HyperEVM-based applications.

For MoonPay, the update is a product expansion with strategic implications. Gateway is designed to make token access appear more like a conventional checkout flow inside partner applications while handling the more complex routing behind the scenes. Instead of requiring a token-by-token listing process, MoonPay says Gateway connects to on-chain liquidity and routes transactions through DEX aggregators, allowing qualifying assets on supported networks to become available automatically when they meet the product’s screening criteria.

MoonPay said Gateway had already been extended across Solana, Base and Ethereum mainnet, with the Hyperliquid addition bringing the model to a trading-focused network whose user base is heavily tied to DeFi markets. The company said Gateway first launched on Solana, where it expanded purchasable tokens from roughly 80 to more than 300 by connecting to a leading DEX aggregator. It later extended to Base and Ethereum through Decent.xyz, the on-chain routing infrastructure company MoonPay acquired.

The Hyperliquid integration is not a native fiat deposit system operated by Hyperliquid itself. Rather, it brings MoonPay’s fiat-to-crypto rails and routing architecture to the network, allowing eligible users and MoonPay partners to reach qualifying Hyperliquid assets through MoonPay’s interface and infrastructure. That distinction matters in crypto payments, where user experience can resemble a direct purchase even when settlement relies on a combination of card networks, bank payment methods, compliance checks, wallet transfers and decentralized liquidity routing.

MoonPay said the new support means partners already integrated with MoonPay Gateway do not need additional integration work to access Hyperliquid. That point is central to the product’s enterprise pitch: fintech apps, wallets, trading tools and consumer crypto platforms can expand token access through an existing integration rather than building separate support for each chain or asset path.

The company is positioning Gateway as a bridge between regulated payment access and the fragmented on-chain liquidity environment. MoonPay’s ramps business advertises support for card payments, Apple Pay, Google Pay and local payment methods, with compliance processes including know-your-customer checks, sanctions screening and fraud controls. On the business side, MoonPay offers headless ramps, hosted widgets and software development tools that allow partners to embed crypto buying and selling into their own interfaces.

That model is becoming more important as crypto user acquisition increasingly depends on reducing friction at the first transaction. For many retail users, moving into DeFi still requires a chain of unfamiliar actions: selecting a compatible wallet, choosing a funding method, understanding bridge risks, paying network fees and identifying the right token route. Each additional step increases abandonment risk and exposes users to operational errors, such as sending assets to the wrong chain or buying an asset that still needs to be swapped before it can be used.

MoonPay’s announcement directly addresses that problem. The company said that, before Gateway support, there was no way to move from fiat to a specific token on Hyperliquid in a single click. MoonPay described the previous process as involving a bridge, a swap and multiple transactions. The new implementation is intended to compress those steps into a single user-facing purchase flow, while MoonPay and its routing partners manage the underlying execution path.

The timing reflects broader competition over the infrastructure layer of crypto trading. Centralized exchanges remain the main point of entry for many users because they bundle fiat onboarding, custody, spot trading, derivatives, liquidity and support into a single account. Decentralized venues, by contrast, have often offered transparency, self-custody and composability, but at the cost of more complex onboarding and fragmented liquidity. Fiat-to-token routing products are one way infrastructure providers are trying to reduce that gap.

Hyperliquid has become a major beneficiary of the shift toward on-chain derivatives. Its documentation describes Hyperliquid as a Layer 1 blockchain designed for a fully on-chain financial system, with HyperCore supporting on-chain perpetual futures and spot order books and HyperEVM bringing Ethereum-style smart contracts to the network. Hyperliquid says HyperCore supports up to 200,000 orders per second and one-block finality through its HyperBFT consensus design.

MoonPay cited market data showing that combined crypto perpetual futures volume has grown 75% over two years and that decentralized platforms have increased their share of total perpetual futures volume fivefold to about 10%. The company said Hyperliquid accounts for roughly 70% of that decentralized share, underscoring why a fiat-access provider would prioritize the network as a Gateway destination.

The announcement also fits MoonPay’s recent pattern of broadening beyond its original consumer on-ramp identity. On May 21, the company launched MoonPay Trade, a technology platform aimed at institutions, enterprises and applications that need access to more than 200 chains and protocols through a single API. That product is intended to support tokenized assets, collateral movement, settlement strategies and DeFi access for institutions that want a consolidated execution layer rather than individual integrations with each protocol or venue.

Taken together, MoonPay Trade and Gateway show how the company is seeking to occupy more of the crypto transaction stack. Ramps handle the fiat entry and exit points; Gateway extends fiat access deeper into on-chain liquidity; and Trade gives businesses and institutions a programmable way to access execution across chains and protocols. The Hyperliquid integration therefore functions as both a retail-facing access improvement and a proof point for MoonPay’s broader routing architecture.

The product also arrives as stablecoins and payment-linked tokens become a more central part of the fintech landscape. MoonPay’s own newsroom described the Hyperliquid update as support for USDH and USDC on Hyperliquid, allowing users to move from fiat to Hyperliquid’s core stablecoins in a single step. Stablecoin access is particularly important for trading-focused ecosystems because dollar-linked assets often serve as collateral, settlement media and intermediate liquidity for spot and derivatives markets.

For Hyperliquid users, the practical effect is simpler funding. A trader or application user who previously needed to buy a token elsewhere and transfer it into the ecosystem may now be able to move from a conventional payment method to a supported Hyperliquid asset through MoonPay, subject to geography, eligibility, payment availability and compliance checks. That does not eliminate market risk, liquidity risk or blockchain execution risk, but it reduces the procedural complexity around the initial purchase.

For MoonPay partners, the business case is conversion. Embedded on-ramps compete on the number of supported payment methods, authorization rates, compliance coverage, speed of launch and the breadth of assets available at checkout. MoonPay’s ramps page says its products allow partners to integrate headless APIs, hosted widgets or SDKs, while handling KYC, fraud checks, chargebacks and sanctions screening. Expanding Gateway to Hyperliquid gives those partners access to a prominent DeFi trading ecosystem without requiring a bespoke Hyperliquid build.

The geographic limits are notable. MoonPay said Gateway on Hyperliquid is available in the U.S. except New York and in the U.K. New York has one of the most stringent state-level crypto regulatory regimes in the United States, and exclusions for the state are common among digital-asset platforms that have not obtained or do not operate under the required approvals. MoonPay says its broader ramps business holds a New York BitLicense, European MiCA authorization and money transmitter licenses in 47 U.S. states, but individual product availability can still vary by asset, jurisdiction and partner implementation.

The integration also underscores the growing role of routing infrastructure in fintech products. In conventional payments, users rarely see the networks, processors, compliance vendors and settlement systems that sit behind a card or bank transfer. Crypto products are moving in a similar direction: the user sees a checkout or trade confirmation, while the provider manages wallets, liquidity sources, aggregators, chain selection and compliance controls in the background. Gateway is MoonPay’s attempt to turn that layered process into a simpler front-end experience.

Still, the model depends on screening standards and execution reliability. MoonPay said only qualifying tokens on Hyperliquid are available automatically, meaning the product is not an unrestricted path to every asset. For a fiat-to-token gateway, that screening function is commercially and reputationally important because token quality, liquidity depth, volatility and legal status vary widely across decentralized ecosystems. A broader token universe can improve user choice, but it can also increase exposure to assets that may be thinly traded, highly volatile or subject to regulatory scrutiny.

Competition in the sector is likely to intensify as wallets, exchanges, fintech apps and payment processors all try to own the first transaction in a user’s crypto journey. Companies that control the on-ramp can influence where users trade, which wallets they use, which assets they buy and which applications receive flow. For decentralized ecosystems such as Hyperliquid, partnerships with fiat-access providers may become as important as liquidity incentives or developer grants in determining how quickly new users enter the network.

MoonPay’s Hyperliquid launch therefore represents more than a new supported network. It is part of a wider shift in which crypto infrastructure companies are packaging complex on-chain interactions into payments-style products. The near-term impact will depend on user adoption, partner integration and liquidity conditions on Hyperliquid. The longer-term question is whether one-click fiat-to-token access can help decentralized trading venues narrow the convenience gap with centralized exchanges while preserving the transparency and self-custody features that attracted DeFi users in the first place.