Hyperliquid is a high-performance decentralized perpetual exchange offering fast, on-chain trading with low fees and deep liquidity. This guide explores how Hyperliquid works, its core features, the HYPE token, and how to participate in its ecosystem.
What Is Hyperliquid (HYPE)?
Hyperliquid is a decentralized exchange (DEX) specializing in perpetual contracts. It combines the speed of centralized exchanges (CEXs) with the transparency of decentralized finance (DeFi).
Launched in 2023, Hyperliquid operates on its proprietary Layer 1 blockchain, Hyperliquid L1, optimized for high-speed financial applications. Key milestones include:
- Daily Trading Volume: $1.6+ billion
- Total Trading Volume: $428+ billion
- Active Users: 190,000+ traders
How Hyperliquid Works
High-Performance Trading on Hyperliquid L1
- Throughput: 100,000 orders/second
- Latency: Sub-second finality
- Consensus: HyperBFT (PoS)
Order Book Model
- Limit/Market/Stop-Loss Orders
- 50x Leverage
- Low Fees
Advanced Tools
- One-click trading
- Risk management features
HYPE Token: Utility and Distribution
- Total Supply: 1 billion
- Airdrop: 31% to community
- Use Cases: Fees, staking, governance
Getting Started with Hyperliquid
- Connect Wallet (e.g., MetaMask).
- Deposit Funds (USDC supported).
- Trade with leveraged perpetuals.
👉 Explore Hyperliquid’s trading pairs
Hyperliquid vs. Competitors
| Feature | Hyperliquid | dYdX | GMX |
|----------------|------------|------------|------------|
| Blockchain | Hyperliquid L1 | dYdX Chain | Arbitrum |
| Leverage | 50x | 20x | 100x |
FAQ
Q: Is Hyperliquid safe?
A: Yes, its on-chain order book ensures transparency.
Q: How do I claim the airdrop?
A: Eligible users received HYPE tokens automatically.
Q: What tokens can I trade?
A: 100+ pairs, including BTC/USDC and ETH/USDC.
Future Roadmap
- New trading pairs
- Enhanced governance
- Community rewards
👉 Start trading on Hyperliquid today
Trade responsibly and manage risks.