HIP-4 Research
For a third-party market, a settlement is a signature. How long does it take?
Hyperliquid's own price markets settle automatically at expiry, and its events by validator quorum. A third-party market settles when its deployer signs — and a holder's money sits until they do. This page times that signature against the market's expiry, deployer by deployer.
Fastest deployerHalf of this deployer's timed settlements were signed faster than this, half slower.
9s
Outcome, median time to settle
Slowest deployerHalf of this deployer's timed settlements were signed faster than this, half slower.
26m
Trade[XYZ], median time to settle
Settlements timed
2,677
across 3 third-party deployers
Time from expiry to the deployer's signatureThird-party deployers with at least five timed settlements, fastest median first. Click a row for the deployer's record.
Hyperliquid's own 1,387 markets are not timed here: its price markets settle automatically at expiry from the oracle price, and its events by validator quorum, which we observe (176 seen) but cannot clock to one signature. "Early" counts settlements signed before expiry — legitimate on a touch market, which resolves the moment it touches.
Method, and what it does not say
- Each settlement is timed from the deployer's own on-chain action to the market's expiry. Our own sightings (live detection, expiry sweeps) are coverage, not measurements, and are never in these figures.
- The median is what a typical holder waits; the p90 and the slowest are what a holder can be made to wait. A deployer that is fast on average and slow once in ten is described by both.
- Settlements signed before expiry are counted apart as early, not folded into the median: a touch market legitimately resolves ahead of its deadline, and mixing those in would pull every deployer's figure below its real speed.