What is Hyperliquid? A Complete Guide for Beginners

As decentralized exchanges (DEXs) become increasingly popular, Hyperliquid stands out with unique features and tools designed to enhance DeFi trading. The platform combines a seamless trading experience with the benefits of decentralization, offering lower costs than other DEXs.

This guide will explore the Hyperliquid ecosystem, core features, and underlying structure, including its innovative tokenomics. By the end, you’ll have a solid understanding of Hyperliquid and be better equipped to navigate its offerings.

What is Hyperliquid?

Hyperliquid is a decentralized exchange built on its own high-performance Layer 1 blockchain. The platform specializes in perpetual futures trading, allowing users to speculate on crypto prices without holding the underlying assets.

Designed for speed and efficiency, Hyperliquid provides a seamless trading experience for users of all levels. In addition to perpetual contracts, the exchange also supports spot, futures, and margin trading with leverage of up to 50x.

The project aims to bridge the gap between centralized and decentralized trading by combining fast execution speeds and a user-friendly interface—hallmarks of centralized exchanges—with the transparency and security of a decentralized system.

Unlike most decentralized exchanges, Hyperliquid incorporates fully on-chain order matching and governance mechanisms to address challenges like inefficient trade execution and high latency.

To enhance efficiency and price transparency—especially in volatile market conditions—Hyperliquid focuses on low slippage and high transaction speed, making it a competitive choice for active traders.

Additionally, Hyperliquid does not require KYC (Know Your Customer), making it appealing to users who prefer to trade without disclosing personal information.

With low trading fees and a feature-rich yet intuitive interface, the platform is designed to deliver a smooth and rewarding trading experience.

Next, let’s take a look at how Hyperliquid began.

Brief History of Hyperliquid

Hyperliquid was co-founded by Jeff Yan and Iliensinc, Harvard classmates, with a shared vision of revolutionizing on-chain trading. The team also includes experts from prestigious institutions such as Caltech, MIT, Citadel, and Hudson River Trading, bringing a wealth of experience in finance, trading, and blockchain technology.

The project’s origins trace back to early 2020 when Jeff Yan began researching trading scripts for centralized exchanges. This exploration led to a key realization: the decentralized market needed a high-performance exchange capable of solving the persistent challenges of decentralized exchanges—such as slow order execution, low liquidity, complex interfaces, and lack of transparency.

In response, Hyperliquid launched in 2022 on its own Layer 1 blockchain, aiming to bridge the gap between speed, efficiency, and decentralization in crypto trading.

Notably, Jeff started his career at Hudson River Trading before founding Chameleon Trading, a market-making firm. The rest of the Hyperliquid team boasts strong financial and technical backgrounds, with experience across diverse sectors.

Hyperliquid: Technicals

Hyperliquid’s core technical components include HyperEVM and HyperBFT. These protocols enable seamless interaction between Hyperliquid’s blockchain and Ethereum-based smart contracts.

What is HyperBFT?

HyperBFT is a Byzantine Fault Tolerant (BFT) consensus algorithm that secures Hyperliquid’s blockchain while enabling ultra-fast trade execution.

How HyperBFT Works

HyperBFT achieves near-instant finality, allowing Hyperliquid to process up to 200,000 transactions per second (TPS) with a consensus time of just 0.2 seconds. Unlike traditional proof-of-work (PoW) or some proof-of-stake (PoS) systems, this approach ensures that transactions are confirmed rapidly and cannot be reversed. 

Every transaction, order, and liquidation is fully recorded on-chain, ensuring security and transparency. Additionally, as a Byzantine Fault Tolerant mechanism, HyperBFT can continue functioning securely even if some network validators act maliciously.

Why HyperBFT Matters

HyperBFT ensures that Hyperliquid achieves the speed and efficiency of centralized exchanges while maintaining the security and decentralization expected from a blockchain-based trading platform.

What is HyperEVM?

HyperEVM is an Ethereum Virtual Machine (EVM) integrated directly into Hyperliquid’s Layer 1 blockchain. It operates within the HyperBFT consensus layer, allowing developers to deploy and interact with EVM-compatible smart contracts while leveraging Hyperliquid’s advanced trading features.

Key Characteristics of HyperEVM

Execution Model: HyperEVM follows an execution model where the Layer 1 blockchain and the EVM operate in sync. The EVM reads the latest blockchain state from the previous block and submits transactions for the next, ensuring consistent and predictable execution.

Token Standards & Liquidity: The system supports Ethereum’s ERC-20 token standard, allowing tokens on HyperEVM to be fungible with their native equivalents on Hyperliquid’s Layer 1 blockchain. This setup enables users to trade tokens seamlessly with lower fees and deeper liquidity, making it ideal for both traders and developers using EVM-based decentralized applications (dApps).

Native Integration with Hyperliquid: One of HyperEVM’s most powerful aspects is its native integration with Hyperliquid’s core trading infrastructure. Smart contracts on HyperEVM can interact directly with the on-chain order book, spot trading, and perpetual futures trading, simplifying the process of integrating decentralized applications with Hyperliquid’s trading platform. 

Gas-Efficient Transactions: HyperEVM transactions are significantly cheaper than on Ethereum due to optimized gas mechanics. The platform has restructured gas fees to ensure lower costs, reducing barriers for traders and developers executing smart contracts.

Ethereum Compatibility: HyperEVM is fully compatible with Solidity-based smart contracts, making it easy for developers to migrate existing dApps from Ethereum or build entirely new applications on Hyperliquid’s blockchain without Ethereum’s scalability and cost limitations.

Advantages of HyperEVM

By integrating HyperBFT and HyperEVM, Hyperliquid offers:

• High-speed, low-latency transactions that compete with centralized exchanges.

• Full transparency through on-chain order matching and trade execution.

• Cross-chain compatibility allows Ethereum-based assets to be traded efficiently.

• Lower transaction fees, making smart contract interactions more cost-effective.

• Scalability and security, ensuring reliability even under high trading volume

How Does Hyperliquid Work?

With its foundation built on HyperBFT and HyperEVM, Hyperliquid operates as a high-speed, fully on-chain trading platform that merges the best aspects of centralized and decentralized exchanges. Here’s how it functions in practice:

1. Order Execution & Transaction Processing

Hyperliquid processes transactions with a latency of just 0.2 seconds, allowing traders to execute orders in near real time. Thanks to HyperBFT’s high-performance consensus mechanism (as discussed earlier), trades are settled instantly and recorded fully on-chain, ensuring security and transparency.

Unlike most decentralized exchanges that use automated market makers (AMMs), Hyperliquid employs a fully on-chain order book model. This structure enhances trade efficiency, price accuracy, and order execution speed, making it comparable to centralized exchanges while maintaining decentralization.

2. Pricing & Risk Management

Hyperliquid integrates a decentralized oracle system to ensure accurate and fair pricing. This system updates spot prices every three seconds, helping to:

• Maintain correct margin calculations for leveraged trades.

• Adjust funding rates dynamically to balance long and short positions.

• Facilitate liquidations fairly without price manipulation risks.

Additionally, the platform’s decentralized clearinghouse model, powered by HyperEVM, manages users’ margin balances and leveraged positions. Traders can choose between cross-margin and isolated-margin modes to optimize their risk exposure.

3. Security & Transparency

Hyperliquid’s security model is rooted in its on-chain architecture and HyperBFT consensus mechanism, eliminating reliance on centralized components. Since every trade and transaction is recorded on-chain, users can verify activity in real time.

To further enhance security, Hyperliquid undergoes regular security audits and runs a bug bounty program, inviting community participation in identifying vulnerabilities. Additionally, no KYC (Know Your Customer) requirements ensure user privacy while still maintaining decentralized security standards.

Core Features of Hyperliquid

Hyperliquid stands out with a range of features designed to enhance the trading experience, cost efficiency, and security for users. These features leverage Hyperliquid’s high-performance blockchain and advanced trading infrastructure, ensuring seamless and transparent transactions.

1. Gas-Free Transactions

Hyperliquid removes gas fees on most transactions, making trading significantly more affordable, especially for high-frequency traders who place multiple orders per second.

2. High Leverage Trading (Up to 50x)

The platform offers up to 50x leverage on perpetual contracts, allowing traders to amplify their market exposure while managing risk with cross-margin and isolated-margin trading.

3. On-Chain Order Book

Unlike most decentralized exchanges that rely on automated market makers (AMMs), Hyperliquid operates a fully on-chain order book. This structure ensures:

• • Full transparency, as every order is recorded on-chain.
  • Better price efficiency, reducing slippage and ensuring fair execution.
  • Real-time trade visibility, making all transactions verifiable.

4. Liquidity Vaults for Passive Earnings

Hyperliquid enables users to deposit funds into liquidity vaults, allowing them to:

• • Earn passive rewards through market-making and copy-trading strategies.
  • Provide liquidity to the ecosystem, benefiting from trading activity.

5. Ethereum & Cross-Chain Compatibility

Thanks to HyperEVM, Hyperliquid allows Ethereum-based assets to be traded natively within its ecosystem. This means:

• • Users can interact with Ethereum-based smart contracts while enjoying Hyperliquid’s low fees and fast execution.
  • Developers can deploy Solidity-based dApps directly on Hyperliquid without modifying their code.

6. Advanced Trading Tools

Hyperliquid provides a suite of pro-level trading tools, including:

• • Scalable order types for better execution strategies.
  • Decentralized price oracles to ensure market accuracy.
  • Liquidity optimization tools for efficient trading execution.

7. Multi-Sig Transactions for Enhanced Security

Hyperliquid supports native multi-signature (multi-sig) transactions, allowing users to require multiple approvals to execute key actions. This security feature is handy for:

• • Institutional and team-based fund management.
  • Enhanced asset protection in staking and trading activities.

Fees on Hyperliquid

Hyperliquid introduced trading fees in June 2023 to create a sustainable and competitive ecosystem. Unlike gas fees, which are removed for most transactions, these fees apply specifically to trading activity.

Trading Fees

• Taker Fee: 2.5 basis points (bps).
• Maker Rebate: 0.2 bps.

Hyperliquid also offers referral rewards, where referrers earn 10% of the taker fees paid by their referees.

Deposits & Withdrawals

• Deposits: Free and unlimited.
• Withdrawals: No limits, but subject to a flat 1% withdrawal fee

While trading on Hyperliquid is gas-free, the 1% withdrawal fee ensures network sustainability and liquidity management.

Tiered Fee Structure

Hyperliquid employs a tiered fee system, meaning traders with higher trading volumes enjoy lower trading fees. Unlike many exchanges that calculate VIP tiers based on monthly trading volume, Hyperliquid uses a 14-day trading volume metric instead.

Decentralized Fee Distribution

Unlike centralized exchanges, where fees primarily benefit the exchange team or insiders, Hyperliquid directs all trading fees to the community, specifically:

• Hyperliquid Liquidity Providers (HLPs) – Users who contribute liquidity to the platform.
• The Assistance Fund – A fund designed to support platform stability and user incentives.

The Assistance Fund is managed through a transparent on-chain governance model, ensuring that funds are distributed based on community decisions rather than being controlled by a central authority.

Funding Rate Mechanism for Perpetual Contracts

To maintain price alignment between perpetual contracts and spot markets, Hyperliquid implements a funding rate mechanism. This system ensures that traders taking long and short positions are balanced, preventing extreme price deviations.

Pros of Hyperliquid

Hyperliquid offers several advantages that make it a competitive choice for traders looking for speed, security, and cost efficiency in a decentralized environment.

• Fully Decentralized & Non-Custodial: While Hyperliquid incorporates features commonly seen on centralized exchanges, it operates entirely on-chain, ensuring that users retain full custody of their funds. This reduces risks associated with fraud, exchange mismanagement, or regulatory shutdowns.

• High Leverage & Deep Liquidity: Hyperliquid offers leverage of up to 100x on select trading pairs, allowing traders to maximize their exposure. Additionally, deep liquidity helps reduce slippage, ensuring that even large orders execute efficiently.

• Privacy-Friendly (No KYC Requirements): Hyperliquid does not require Know Your Customer (KYC) verification, enabling anonymous trading and prioritizing user privacy in a time when regulatory scrutiny is increasing.

• Low-Cost & Fast Transactions: Operating on its own Layer 1 blockchain, Hyperliquid offers low trading fees and near-instant transaction speeds. This ensures a smooth trading experience, even during high market volatility.

• Advanced Trading Features: Hyperliquid provides tools for risk management and strategy execution, including:

• • Limit orders to allow traders to set entry and exit points.
  • Stop-loss and take-profit orders to help traders manage volatility.
  • Other automated order types for flexible execution strategies.

• Customizable API for Bots & Automation: For algorithmic traders, Hyperliquid offers API support for running automated trading strategies. This is particularly beneficial for high-frequency traders and arbitrageurs.

Cons of Hyperliquid

No platform is without drawbacks. Here are some potential concerns users should be aware of before trading on Hyperliquid.

• Smart Contract Risk: As of now, Hyperliquid relies on the Arbitrum bridge smart contracts for interoperability and security. This means users must connect through third-party Arbitrum-compatible wallets, which not all wallets support. If the bridge contracts are compromised, it could lead to potential loss of funds.

• Network Risk: Although Hyperliquid’s Layer 1 blockchain enables high throughput and performance, it has not yet been stress-tested like more established blockchains such as Ethereum. The platform’s response to cyberattacks, major network failures, or extreme market crashes remains unproven.

• Oracle Manipulation Risk: Hyperliquid depends on decentralized oracles for price updates. If an oracle experiences technical failures or is manipulated, it could lead to incorrect price data. Extended periods of inaccurate data could result in unfair liquidations, negatively impacting traders.

• Market Liquidity Risk: Like many new trading platforms, Hyperliquid may experience liquidity fluctuations. If liquidity is low, traders could face higher slippage, leading to less favorable trade execution and potential losses.

• Centralization Concerns: While Hyperliquid is decentralized, some critics argue that certain elements of the protocol still exhibit centralized characteristics. Compared to Ethereum and other Layer 1 blockchains, Hyperliquid’s governance and operational structure may not yet be fully decentralized.

• Limited Crypto Support for Withdrawals: Currently, USDC is the primary supported cryptocurrency for withdrawals. Users looking to withdraw other crypto assets may first need to convert them to USDC, adding an extra step to the process.

Hyperliquid’s Main Competitors

Hyperliquid competes with several well-established decentralized exchanges (DEXs) that offer similar services, particularly in perpetual contracts and leveraged trading. Here’s a look at some of its key competitors:

1. GMX

GMX is one of the largest and most established DEXs, focusing on spot and perpetual futures trading. It offers leverage of up to 50x on various cryptocurrencies. The platform charges a 0.1% fee for opening and closing positions, while swap fees range from 0.2% to 0.8% depending on the asset pair. With the introduction of GMX V2, trading fees have been reduced to 0.05%–0.07%, and stablecoin swaps now cost as little as 0.005%–0.02%.

2. dYdX

dYdX is a leading DEX specializing in perpetual contracts and margin trading, surpassing $1 trillion in trading volume by December 2023. Originally built on Ethereum, it has since transitioned to its own blockchain for greater scalability. The platform allows traders to access up to 20x leverage on select cryptocurrencies. dYdX also boasts a user-friendly interface and low fees, charging 0.2% for takers and 0.05% for makers.

3. Jupiter Perps

Jupiter Perps launched in 2022 on the Solana blockchain, offering high-speed trading execution with up to 100x leverage on futures contracts. The platform supports a wide range of cryptocurrencies and provides liquidity providers with competitive returns. Through its vault system, liquidity providers can earn annual percentage yields (APYs) ranging from 50% to 70%, making it an attractive option for passive income generation.

Supported Tokens on Hyperliquid

Hyperliquid supports a diverse range of tokens for both spot trading and perpetual contracts. Traders can engage in leveraged trading on various assets, ensuring a comprehensive suite of options for both derivatives and spot markets.

Spot Trading Tokens

The platform allows direct trading of the following tokens:

BTC, SOL, USDT, USDC, AVAX, ETH, PURR, HFUN, ORA, GOD, MON, SOVRN, LIQD, SOLV, FARM, STAR, and VAPOR.

With perpetual contracts available for select assets, traders can take leveraged positions to maximize market opportunities. 

How to Bridge Assets to Hyperliquid

Bridging assets to Hyperliquid allows traders to participate in its decentralized trading ecosystem. There are two primary methods for transferring funds to the platform:

1. Using a Centralized Exchange (CEX)
2. Using a Decentralized Bridge

Before bridging, you’ll need a cryptocurrency wallet that supports the Arbitrum network, such as MetaMask or Rabby Wallet. If Arbitrum has not already been added to your wallet, you will need to manually configure it.

Bridging to Hyperliquid via a Centralized Exchange (CEX)

The only stablecoin supported for deposits on Hyperliquid is USDC. To bridge funds using a CEX, follow these steps:

1. Choose a CEX that supports Arbitrum withdrawals and USDC. Many major exchanges offer this option.
2. Withdraw USDC from the CEX to your Arbitrum wallet. Ensure that you select Arbitrum as the withdrawal network, as this is the only bridge to Hyperliquid currently supported.
3. Once the funds are in your Arbitrum wallet, connect it to the Hyperliquid platform, and your funds will be ready for trading.

Bridging to Hyperliquid via a Decentralized Bridge

For those who prefer not to use a centralized exchange, assets can be bridged through a decentralized bridge. If you already hold USDC on Ethereum and need to transfer it to Hyperliquid via Arbitrum, follow these steps:

1. Open your crypto wallet and check if Arbitrum is added. If not, manually add the network.
2. Use a bridging platform that supports Arbitrum.
3. Select Ethereum as the source network and Arbitrum as the destination network.
4. Choose USDC as the asset to bridge and confirm the transaction.
5. Once the funds arrive in your Arbitrum wallet, connect your wallet to Hyperliquid and begin trading.

What is HYPE Token? 

HYPE is the native cryptocurrency of the Hyperliquid network, serving as the backbone of the ecosystem. It is used for decentralized governance, economic incentives, and transaction fees within the platform.

The token was officially launched in 2024 through an airdrop to nearly 100,000 users, and its total supply is 1 billion HYPE tokens.

HYPE Token Distribution Breakdown

Hyperliquid’s allocation strategy is designed to prioritize community participation and incentivize long-term network growth:

• 38.88% allocated for future emissions and community rewards.

• 31% distributed during the genesis airdrop.

• 23.8% reserved for contributors.

• 6% allocated to the Hyper Foundation.

• 0.3% designated for community grants.

• 0.012% set aside for specific improvement proposals within the ecosystem.

HYPE Token Use Cases

• Governance: HYPE token holders can participate in governance decisions within the Hyperliquid ecosystem. This allows the community to vote on significant upgrades, protocol changes, and future developments that shape the network.
• Staking Rewards: Users can stake their HYPE tokens to help secure the network while earning staking rewards. This process aligns user incentives with the platform’s long-term stability and growth.

• Gas Fees: HYPE is used to pay gas fees on the Hyperliquid blockchain. It is required to execute transactions, interact with smart contracts, and use decentralized applications (dApps) on the network.

• Community-Driven Incentives: A significant portion of HYPE tokens is allocated to users rather than private investors, reinforcing Hyperliquid’s commitment to decentralization and community engagement.

Staking on Hyperliquid

Staking is a key feature that allows users to earn passive income while helping maintain network liquidity. Knowing how to stake HYPE tokens is essential for maximizing rewards and contributing to the platform’s stability.

How to Stake HYPE on Hyperliquid

1. Set Up a Crypto Wallet – Connect a compatible wallet, such as MetaMask or Rabby Wallet, to the Hyperliquid platform.
2. Deposit Funds – Use the Trade page to deposit funds or bridge tokens from other networks to Hyperliquid via Hybridge.
3. Acquire HYPE Tokens – Purchase HYPE directly through the Hyperliquid interface if you don’t already have them.
4. Access the Staking Portal – Navigate to the staking section on the platform.
5. Select a Staking Pool – Choose a staking pool, confirm the transaction, and begin earning rewards.

HYPE tokens can be purchased on major crypto exchanges. Below is a step-by-step guide for acquiring HYPE on KuCoin and directly through the Hyperliquid platform.

Buying HYPE on KuCoin

1. Create an Account – Register on KuCoin or log in with your email address and password if you already have an account.
2. Deposit Funds – Transfer USDT (Tether) into your KuCoin account. You can purchase USDT directly on KuCoin using a credit/debit card or deposit it from an external wallet.
3. Purchase HYPE – Navigate to the spot trading section, search for the HYPE/USDT trading pair, and execute your buy order.

Acquiring HYPE via the Hyperliquid Platform

You can also buy HYPE tokens directly through the Hyperliquid decentralized exchange (DEX) by following these steps:

1. Set Up a Compatible Wallet – Install a crypto wallet that supports the Arbitrum network, such as MetaMask or Rabby Wallet.
2. Fund Your Wallet – Deposit USDC into your wallet via the Arbitrum network. You can use Hybridge to bridge assets from Ethereum or other networks to Arbitrum.
3. Access the Hyperliquid Exchange – Visit the Hyperliquid app and connect your wallet.
4. Purchase HYPE – Navigate to the Trade page, select the HYPE/USDC pair, and execute your purchase.

Hyperliquid Airdrop

Hyperliquid conducted its genesis airdrop on November 29, 2024, rewarding nearly 100,000 eligible users. The platform distributed approximately 31% of the total HYPE token supply, making it one of the most lucrative airdrops in history. On average, each participant received between $45,000 and $50,000 worth of HYPE tokens.

How Was the Airdrop Distributed?

Eligible participants included users who had actively engaged with the Hyperliquid platform through trading or holding specific tokens. Unlike typical airdrop models where large portions of tokens are allocated to venture capitalists (VCs), Hyperliquid focused on its community-driven approach.

Over 20% of the total HYPE supply was allocated to core contributors, including Hyperliquid Labs developers. To prevent an insider sell-off, these allocated tokens were vested for at least one year after the token generation event (TGE).

This approach reinforced users’ trust in the platform and set a new standard for community-focused token distributions. Unlike many airdrops that lead to immediate sell-offs and price dumps, HYPE saw strong demand, surging from $4 to $35 in the following weeks while Total Value Locked (TVL) grew exponentially.

How to Get a Future Hyperliquid Airdrop?

To encourage continued participation in its ecosystem, Hyperliquid has allocated 38.888% of the HYPE supply for future emissions and community rewards. Although there is no active airdrop at the moment, users can take steps to prepare for potential future distributions.

Steps to Increase Your Airdrop Eligibility:

• Visit the Hyperliquid Platform – Connect your Arbitrum-compatible wallet to the platform.

• Deposit Funds – Use a bridging service like Rhino to deposit assets onto the Arbitrum network.

• Engage in Trading Activities – Actively participate in spot and futures trading to accumulate platform engagement points.

• Provide Liquidity via HLP – Navigate to the “Vaults” section and deposit funds into the Hyperliquidity Provider (HLP) system.

• Utilize the Referral Program – Invite other traders to join the platform and earn points for each successful referral.

• Maintain Consistent Activity – Regular trading and diversifying your interactions on Hyperliquid increase your potential rewards.

• Stay Updated – Follow official Hyperliquid channels for announcements about future airdrop criteria and reward distributions.

What is Hyperliquid Wallet?

The Hyperliquid Wallet is a self-custody, open-source crypto wallet designed for secure storage and seamless interaction with the Hyperliquid ecosystem. Fully supporting futures trading, the wallet allows users to store, send, and manage assets efficiently. Available for both iOS and Android, it provides fast transaction processing, strong security measures, and cost-effective operations, making it a valuable tool for traders and investors.

With the Hyperliquid Wallet, users can store HYPE tokens securely, transfer funds by entering a recipient’s wallet address, and engage in decentralized trading without relying on third-party custodians.

Benefits of the Hyperliquid Wallet

• Open-Source & Transparent: The Hyperliquid Wallet is completely open-source, which allows users to verify the code independently, ensuring transparency and trust in the platform.

• Self-Custody & Full Control: Users retain full ownership of their assets, as private keys are securely stored on their devices, eliminating reliance on centralized intermediaries.

• Fast Transactions for High-Frequency Trading: The wallet is optimized for high-speed transactions to ensure smooth and efficient trade execution without unnecessary delays.

• Cost-Effective & Low Transaction Fees: The wallet’s reduced transaction fees make it affordable for both traders and long-term investors.

• Direct HYPE Token Purchase: Users can purchase HYPE tokens directly within the wallet with just a few simple steps, and the tokens will be automatically added to their account.

• Seamless Integration with Hyperliquid Trading: The Hyperliquid Wallet allows for direct access to Hyperliquid’s trading features, making it easier to execute transactions and manage funds within the ecosystem.

Frequently Asked Questions 

When is Hyperliquid’s next airdrop? 

As of now, Hyperliquid has not announced a specific date for its next airdrop. However, given its history of community-driven incentives, another airdrop may be likely in the near future. While you wait, follow the eligibility strategies mentioned earlier to increase your chances of receiving future rewards.

How many HYPE tokens are there?

The total supply of HYPE tokens is 1,000,000,000 (1 billion).

Can I use Hyperliquid on my phone?

Yes, you can access Hyperliquid on your mobile device by using a web browser and connecting your crypto wallet. 

What can I trade on Hyperliquid?

Hyperliquid allows users to trade various crypto assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE). The platform also supports perpetual futures contracts and margin trading. 

What is the future of Hyperliquid?

The future of Hyperliquid looks promising, with expectations of continued growth and expansion in the perpetual DEX space. Its advanced trading tools, robust infrastructure, and strong community engagement position it as a competitive player in decentralized finance (DeFi). Additionally, as user adoption increases, the HYPE token could experience further market demand and price appreciation. 

Should I invest in Hyperliquid?

Hyperliquid offers innovative features and strong user incentives, making it an attractive platform for traders. However, as with any cryptocurrency investment, thorough research and risk assessment are essential.

The HYPE token is subject to market volatility, so it’s essential to evaluate your risk tolerance, implement risk management strategies to protect your assets, and ensure you never invest more than you can afford to lose.

Final Thoughts

Hyperliquid has established itself as a prominent player in the evolving DeFi landscape. Built on its own Layer 1 blockchain, it delivers high throughput, fast transactions, and an expanding selection of trading assets.

With a strong focus on community-driven growth, Hyperliquid continues to attract traders by offering low fees, deep liquidity, and advanced trading tools. However, the exchange’s long-term success will depend on ongoing development, market adoption, and ecosystem diversification.

For users and investors, staying informed and assessing market trends will be key to maximizing opportunities within the Hyperliquid ecosystem.

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