Pump.fun Adds Cross Margin, TWAP Execution to Hyperliquid-Powered Perps

The addition of cross-margin and TWAP execution marks a meaningful step up in sophistication for a platform whose perps offering is still relatively new, moving it closer to the tooling traders expect from established venues. Sharing margin across positions cuts both ways: it improves capital efficiency but concentrates liquidation risk, so how the platform handles that trade-off will shape its risk profile. The Hyperliquid backend means the real differentiation lies in the front end and user base rather than the underlying infrastructure. Worth watching is whether these features pull in larger, more execution-sensitive order flow or remain a niche add-on.