Hyperliquid is a decentralized exchange built on its own Layer 1 blockchain, HyperEVM, designed for high-speed trading and low fees.
What is Hyperliquid?
Hyperliquid is a decentralized exchange designed to offer high-speed trading and quality execution, optimized for perpetual futures contracts. It combines elements of centralized and decentralized platforms to provide a unique trading experience.
How Hyperliquid Works?
Hyperliquid functions as a decentralized perpetuals exchange leveraging its own Layer 1 chain. All trades are recorded on the blockchain ensuring transparency and fairness in the trading process. The platform employs the HyperBFT consensus mechanism for fast transaction processing and enables users to engage in trading with high leverage options.
Key Features of Hyperliquid
The platform includes a fully on-chain order book, no gas fees, the ability to trade with leverage up to 50x, and support for various order types. Hyperliquid also offers users the option to utilize custom and protocol vaults for passive earning.
Hyperliquid emerges as a robust player in the decentralized exchange market, providing speed and transparency in trading, appealing to traders of all skill levels.
