Hyperliquid

Hyperliquid is a decentralized perpetual exchange built on its own custom Layer 1 blockchain.

It offers:

• On-chain order book

• High-speed execution

• Deep liquidity

• Low fees

• Leveraged trading

Unlike AMM-based Perp DEXs, Hyperliquid uses a traditional order book architecture, similar to centralized exchanges but fully on-chain.

No KYC or account registration is required.

1. Connect wallet

2. Deposit collateral via bridge

3. Open long or short position

4. Manage leverage

5. Close position

Key mechanics:

• Order book matching engine

• Funding rate mechanism

• Liquidation engine

• Validator-secured blockchain

Hyperliquid is optimized for:

• Low latency

• High throughput

• Professional traders

All positions settle on its dedicated Layer 1 network.

Use Hyperliquid when you:

• Trade perpetual futures

• Use high leverage

• Want CEX-like speed on-chain

• Avoid centralized exchanges

• Need deep derivatives liquidity

Not ideal if you:

• Only swap tokens

• Are beginner in leverage trading

• Need fiat integration