Hyperliquid
About Hyperliquid
Hyperliquid is a high-performance perpetual DEX operating on its own L1 blockchain. It offers CEX-like speed and UX with a fully on-chain order book. Known for extremely low latency, no gas fees for trading, and a wide selection of perpetual markets. Hyperliquid's HLP vault acts as the counterparty market-making entity.
Supported Networks
Key Features
- Sub-second on-chain order book
- No gas fees
- 100+ perpetual markets
- Up to 50x leverage
- HLP vault (market-making)
- Builder codes
- Spot trading
- Vaults
- Native token launches (HIP-1)
Risks
- New L1 risk
- Centralisation of sequencer/validators
- Smart contract risk
- HLP vault losses during volatility
- Regulatory uncertainty as a DEX with its own chain
Community & Socials
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