Hyperliquid

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.