Introducing HyperStream Markets
Intent-Native Liquidity for the Multi-Chain Economy
Today, we unveil Khalani HyperStream Markets: an intent-native liquidity upgrade to Khalani Arcadia and a new class of multi-chain-native, intent-driven markets.
Most intent systems optimize for the taker (publish an intent, get filled fast). HyperStream completes the other half - an integrated liquidity stack for both takers and makers, with a compact, intent-driven DSL for order types that market participants can scale without deploying new settlement venues.
Built on Arcadia’s open architecture for intent publication, solving and pluggable trust/proof layers, HyperStream adds a fully integrated, intent-driven liquidity layer engineered for cross-chain speed and solver capital efficiency.
HyperStream extends Khalani’s reach from individual intent fulfillment to full-scale market creation - enabling ecosystems to coordinate liquidity and execution directly through launching their own markets.
HyperStream at a Glance
IntentBook → intent-native, multi-dimensional orderbooks with direct P2P matching and maker-to-maker netting.
Delegated Market Makers → synchronous, solver-run liquidity policies (not static deposits) that underwrite exactly the risks they want - across assets, chains, and proof vendors.
Promise-based asynchronous settlement → a generalization of the “direct solver payment” workflow, modeled as intents so they clear through the same settlement machinery.
Solver-centric resource locks → fast-confirm, multi-chain locks and unified balance sheets so solvers can spend at the destination chain’s speed.
Principles Behind HyperStream
Intent markets over pools for capital agency. Liquidity should be user-defined policy - “what I’m willing to underwrite,” not a deposit trapped in a venue.
Solvers need cheap, instantly spendable, cross-chain capital. Give them fast confirmations, unified accounting, and direct P2P matching, and they’ll route better prices and tighter spreads for everyone.
Unified synchronous + asynchronous settlement. Solvers should orchestrate liquidity paths and intent markets on any chain, maximizing ways to fill user intents.
What’s New in HyperStream
1) IntentBook + Delegated Market Makers
IntentBook upgrades typical orderbooks to allow multi-dimensional outcomes - the same signed order can target many markets and outcomes at once (multi-asset outputs, exact/min/%/range fills) with predicate guards as safety rails.
Makers publish either one-shot intents (active making) or long-lived policies (passive liquidity) to underwrite specific risks across assets, chains, and proof systems. Matching is direct P2P, and maker-to-maker netting allows multiple fills to settle together in a single transaction.
Why this matters for multi-chain liquidity:
Liquidity pools require synchronous settlement and typically only route within one chain.
Solver-based liquidity protocols force market makers to run sophisticated infra and rely on intermediaries for capital safety, limiting scalability.
IntentBook + DMMs decouples risk underwriting from settlement. Anyone can express exactly the exposure they’ll accept, while a compact DSL for order fulfillment balances expressiveness with market interoperability. Policy-guarded off-chain market making keeps liquidity owners in control, maintains competitive execution, and turns upgrades into policy changes instead of disruptive pool migrations.
2) Promise-Based Asynchronous Settlement
For cross-domain flows, solvers can post promises - commitments to fill intents on a destination chain in exchange for immediate payment. Promises generalize payment-first flows, where the future settlement guarantee is also modeled as intents so they process through the same machinery.
Benefits:
Solvers are funded immediately and can put capital to work - routing across liquidity paths, trading with another solver, or executing a local leg - while still guaranteeing the user’s outcome when the proof arrives.
Trust and latency become priceable parameters inside the market, not hard-wired assumptions.
3) Solver-Centric Resource Locks
HyperStream introduces fast-confirm resource locks and allows service providers to operate integrated signers so a solver’s capital behaves like one balance sheet across chains, spendable at the destination chain’s finality speed.
Solvers can quote, fill, and settle against their entire pre-funded multi-chain balances to fill bigger tickets - without stranding inventory on a dozen networks.
Fully Customizable Intent Markets
HyperStream marks the next phase of Khalani’s mission: giving every blockchain and protocol access to intent-native liquidity and cross-chain execution - without rebuilding from scratch.
With HyperStream, it’s easier than ever to deploy custom intent markets on any chain or for any token - integrating seamlessly with any service provider. New market operators and solvers only need to coordinate and interoperate with existing intent markets to gain full network coverage - no need to build every point-to-point connection from scratch.
HyperStream for Blockchains, dApps, and Asset Issuers
HyperStream transforms how ecosystems originate, distribute, and manage liquidity.
Rather than relying solely on external aggregators or bridge providers, blockchains, dApps, and asset issuers can now launch native markets that directly attract intent-driven liquidity - creating a unified marketplace for asset flow, on any chain.
For Blockchains
HyperStream expands what your network can natively support. Instead of relying on wrapped assets, bridges, or static liquidity pools, chains can now host cross-chain intent markets that automatically interoperate with any other liquidity venue through HyperStream’s unified settlement layer.
This turns your chain into a first-class endpoint in the global economy of intents - where liquidity, order flow, and solver capital flow in seamlessly without custom integrations or intermediaries.
Ecosystem benefits:
Instant access to global liquidity: Any HyperStream-enabled solver can quote, fill, or settle intents against assets on your network.
Chain-native market creation: Launch intent markets (spot, synthetic, yield, or cross-chain pairs) that attract maker liquidity directly to your ecosystem.
Inflow of execution volume: Solvers and makers across other networks can directly route to your chain, driving usage and TVL growth.
For dApps and Protocols
Developers can integrate HyperStream for both intent-driven execution and liquidity origination.
By publishing intents or curating liquidity policies, any protocol can expose its functionality to the global solver network, allowing anyone to underwrite or fulfill flows on its behalf.
How this helps dApps and protocols:
Unified user flows: Replace multi-step swaps, deposits, and bridges with a single, outcome-based intent.
Custom market definitions: Spin up app-specific intent markets that invite liquidity from solvers, market makers, or other protocols.
Composable liquidity: Access and provide capital simultaneously - becoming both liquidity consumer and source within the same framework.
For Asset Issuers
Asset issuers - whether stablecoins, RWAs, or LSTs - can use HyperStream to bootstrap liquidity and market depth instantly across ecosystems.
By defining issuance, redemption, and conversion directly within the network through Promises, issuers can direct solvers to route multi-chain liquidity automatically, instead of having to seed and maintain pools chain-by-chain.
Benefits for issuers:
Instant cross-chain reach: Any HyperStream solver can facilitate issuance or redemption on other networks.
Programmatic liquidity incentives: Define maker policies to reward solvers who provision liquidity for your asset.
Deep, distributed markets: Instead of siloed pools per chain, your asset gains unified liquidity across all HyperStream-enabled ecosystems.
Building a Market Layer for the Intent Economy
HyperStream doesn’t just help users get better fills - it enables ecosystems to build and own the markets that power the next generation of liquidity flows.
Blockchains, dApps, and asset issuers can all act as market operators, defining the logic, guardrails, and incentives for how liquidity interacts with their ecosystem - while solvers compete to execute those intents efficiently.
Get Started with HyperStream Markets
Khalani is actively collaborating with ecosystem partners to deploy HyperStream-powered intent markets across major blockchains and DeFi protocols.
If you’re:
A blockchain seeking to bootstrap cross-chain liquidity and user flow
An asset issuer looking for universal accessibility and composability with Khalani’s network and partners
A dApp or aggregator looking to unify multi-chain user experiences
A solver, market maker, or service provider wanting to participate in next-gen intent liquidity
→ join the HyperStream ecosystem.
For integration or partnership inquiries, reach out to the team today.
Note: With the release of HyperStream Markets, we are rolling out updated docs and hands-on tutorials soon. If you’re building with Khalani or exploring an integration, new guides and examples will be live shortly.
