What is Hyperliquid?
Hyperliquid is a decentralized perpetual exchange that operates as a perpetual DEX protocol on its custom-built L1 blockchain, aiming to provide a user experience similar to centralized exchanges. Currently, there are 44 coins and 110 trading pairs available on the exchange. Hyperliquid is known for offering advanced orders, up to 50x leverage, access to 20+ underlying assets, copy trading, and more. The platform has a total value locked (TVL) of $753M and daily volumes regularly surpassing $1B.
Hyperliquid goals
The purpose of Hyperliquid is to bridge the gap between decentralized and centralized exchanges by offering a perpetual DEX protocol on its custom-built L1 blockchain, with the goal of providing a seamless and efficient trading experience. The project aims to solve the problem of slow and costly transactions on decentralized exchanges, while also providing a secure and transparent platform for users. The potential use cases and applications of the technology include decentralized futures trading, on-chain order books, and automated market-making.
Hyperliquid fondamentals
The native token of the Hyperliquid ecosystem is HYPE. The token has various functions, including staking capabilities and a payment method for gas fees. The token generation event took place on November 29, 2024, and a HYPE/USDC market was added on HyperLiquid's spot trading book. One billion tokens will be issued, with 31% going to users who earned points in a campaign that ended in May, and a further 23.8% set aside for current and future core contributors.
Marketcap
$7.815B
Total number of Hyperliquid
999990391 HYPE
Hyperliquid technology
Hyperliquid's technology is based on a custom-built L1 blockchain, which provides high throughput and low latency. The platform uses a Proof-of-Stake (PoS) consensus mechanism and a proprietary consensus algorithm, HyperBFT. Hyperliquid also uses a decentralized oracles pricing system, where validators publish spot prices from major exchanges. The platform's technology enables real-time trade processing, transparent transactions, and a secure and seamless trading experience.
Hyperliquid competitors
Hyperliquid differentiates itself from competitors by offering a custom-built L1 blockchain, a perpetual DEX protocol, and a user experience similar to centralized exchanges. The project's competitive advantages include its high-performance blockchain, low latency, and real-time trade processing. Hyperliquid compares favorably to competitors in the market by offering a seamless and efficient trading experience, with the potential to attract users and create a self-sustaining ecosystem.
Hyperliquid price history
Frequently asked questions
Hyperliquid is a decentralized perpetual exchange that operates as a perpetual DEX protocol on its custom-built L1 blockchain.
The native token of Hyperliquid is HYPE, which has various functions, including staking capabilities and a payment method for gas fees.
Hyperliquid's technology is based on a custom-built L1 blockchain, which provides high throughput and low latency, and uses a Proof-of-Stake (PoS) consensus mechanism and a proprietary consensus algorithm, HyperBFT.
The benefits of using Hyperliquid include a seamless and efficient trading experience, high-performance blockchain, low latency, and real-time trade processing.
Yes, Hyperliquid is a secure platform that uses a decentralized oracles pricing system and a Proof-of-Stake (PoS) consensus mechanism to ensure transparent and secure transactions.
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