Hyperliquid
Hyperliquid is a high-performance Layer 1 blockchain and decentralized exchange optimized for permissionless perpetual futures trading with sub-second finality.
Overview
Hyperliquid is a Layer 1 blockchain and decentralized exchange designed specifically for high-performance, permissionless perpetual futures trading. Unlike many decentralized exchanges that rely on Ethereum or Layer 2 solutions, Hyperliquid operates on its own custom-built chain optimized for speed and scalability. This architecture enables sub-second trade finality, zero gas fees for trading, and deep liquidity, making it suitable for traders who require fast execution and low latency without sacrificing decentralization or security.
The platform combines a custom consensus algorithm called HyperBFT with a split state execution model consisting of HyperCore and HyperEVM. HyperCore manages fully on-chain perpetual futures and spot order books with transparent, auditable transactions and one-block finality. HyperEVM provides a general-purpose smart contract environment compatible with Ethereum tooling, allowing developers to build permissionless financial applications leveraging Hyperliquid's liquidity and trading primitives.
Hyperliquid targets DeFi developers, financial institutions, and infrastructure teams seeking a performant and decentralized trading environment. It supports a wide range of crypto assets for perpetual contracts, including BTC, ETH, SOL, and AVAX, with plans to expand. Traders benefit from features like no KYC requirements, self-custody of funds, advanced order types, and professional-grade analytics. The platform's architecture also mitigates common decentralized exchange issues such as front-running and Miner Extractable Value (MEV) attacks.
Getting started involves connecting a wallet via MetaMask or WalletConnect, bridging assets like USDC into the Hyperliquid environment, and selecting markets and leverage to place trades. Comprehensive documentation and developer tools are available to facilitate integration and building on the Hyperliquid chain. Overall, Hyperliquid offers a next-generation decentralized exchange experience that combines the speed of centralized exchanges with the security and transparency of blockchain technology.
The Problem
Decentralized perpetual futures trading often suffers from high latency, expensive gas fees, front-running, and limited scalability on existing Layer 1 or Layer 2 blockchains. Traders face slow order execution and centralized risks when using traditional exchanges or Ethereum-based DEXs.
The Solution
Key Features
HyperCore Order Book Engine
On-chain perpetual futures and spot order books with one-block finality and throughput of 200k orders per second.
HyperEVM Smart Contract Platform
Ethereum-compatible smart contract environment enabling permissionless DeFi applications on Hyperliquid.
Wallet Integration
Supports MetaMask and WalletConnect for seamless wallet connection and asset bridging.
Wide Asset Support
Perpetual contracts available for major crypto assets including BTC, ETH, SOL, AVAX, with ongoing expansion.
Professional Trading UI
Includes charts, order types, risk management tools, and leaderboard analytics for enhanced trading strategies.
Key Strengths
How Developers Use Hyperliquid
Decentralized Perpetual Futures Trading
Traders use Hyperliquid to execute high-frequency, leveraged perpetual futures trades with low latency and no gas fees.
Building DeFi Applications on a High-Performance Chain
Developers leverage HyperEVM to create permissionless financial dapps that utilize Hyperliquid’s liquidity and order book primitives.
Institutional and Algorithmic Trading
Financial institutions and quant traders deploy strategies on Hyperliquid’s fast, transparent, and secure decentralized exchange.
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Pricing
Standard | |
|---|---|
| Price (Monthly) | Free |
| Price (Annual) | Free |
| Messaging | N/A |
| Support | Community support via documentation and GitHub |
| Analytics |
Resources
Hyperliquid provides extensive documentation covering its Layer 1 architecture, trading features, developer tools, and onboarding guides to help users and developers get started quickly.