Pump.fun Adds Limit Orders, TWAP, Cross Margin to Perpetual Futures

Pump.fun's move beyond simple perpetuals into execution tooling signals it wants to keep more sophisticated traders on-platform rather than losing them to dedicated derivatives venues. Cross margin and TWAP in particular matter for larger orders, where slippage and collateral efficiency drive venue choice. The reliance on Hyperliquid for infrastructure means the product's risk and settlement layer sits outside Pump.fun's own stack, which is worth noting for anyone assessing counterparty exposure. Whether these features actually shift volume toward Pump.fun, or merely match what rival perp venues already offer, is the open question.