About Hyperliquid (HYPE)

Hyperliquid is a decentralized perpetual futures exchange built on its own high-performance Layer 1 blockchain, HyperEVM. The platform offers on-chain trading with sub-second finality and low latency. Hyperliquid aims to combine the user experience of centralized exchanges with the transparency and self-custody of decentralized systems.

The protocol operates without gas fees and supports up to 20,000 orders per second. It uses the HyperBFT consensus algorithm, which is based on the HotStuff protocol, to ensure rapid execution and settlement. The exchange also features a hybrid order book system that enables off-chain order matching and on-chain settlement. As a result, the Hyperliquid chain delivers performance levels that match centralized platforms. Those searching for "what is Hyperliquid" will find it positioned as a fast and trustless on-chain trading environment.

Hyperliquid is one of the few exchanges to offer a fully on-chain perpetual order book without compromising speed. It delivers the efficiency of centralized platforms while ensuring self-custody and transparency. Features like the Hyperliquid wallet, bridge, and vault system expand its use cases beyond trading. This supports broader engagement with the Hyper Liquid crypto ecosystem.

The project is backed by a team with backgrounds at Harvard, MIT, and major financial firms. It was co-founded by Jeff Yan, also known as Jeff Hyperliquid, who leads its development. Its custom-built chain and consensus allow the DEX to operate independently, without reliance on external infrastructures. As demand for HYPE hyperliquid grows, the $HYPE coin positions itself as a central utility in decentralized trading.

1. HyperEVM and HyperBFT. HyperEVM, also referred to as HYPEVM, is an Ethereum-compatible blockchain optimized for speed and scalability. It supports seamless interaction with EVM-based applications. HyperBFT, the network's custom consensus algorithm, delivers fast finality, enabling real-time trading without delays. This design ensures that the Hyperliquid crypto network can support demanding trading workloads efficiently.

2. Fully On-Chain Order Book. All trading activities, including placing orders, cancellations, and liquidations, occur on-chain. This ensures transparency while maintaining the performance of traditional trading systems. Traders using the $HYPE coin gain access to a fully decentralized and fast exchange model. Users wondering what chain is Hyperliquid on will find it runs on a proprietary chain, HyperEVM.

3. Perpetual Futures Trading. Traders can access perpetual futures contracts without expiration dates. The platform supports both isolated and cross-margin trading, along with risk management tools like stop-loss orders and TWAP execution. As a "hyperliquid crypto where to buy" guide would explain, the platform provides margining and liquidity tools via the native HYPE token. Guides on where to buy Hyperliquid or how to buy Hyperliquid point to its native DEX and supported wallets.

4. Governance and Token Utility. The native HYPE token, also known as the $HYPE token or hype crypto coin, plays a central role in governance, staking, and transaction activities. It follows a deflationary model with an annual supply reduction of approximately 26%. Governance decisions are managed by the Hyper Foundation, which oversees ecosystem development. The coin HYPE is also integrated into the Hyperliquid wallet and bridge for seamless utility.

5. Vault System and Copy Trading. Users can deposit into trading vaults that mirror the strategies of professional traders. These vaults allow participants to share in profits or losses without active trading. New vaults can be created by any user, making strategy sharing accessible. Vault interaction is enabled via the Hyperliquid wallet, and user strategies are tracked directly on the Hyperliquid chain. The coin is also listed in a growing number of hype coins directories.

6. Community-Focused Design. Hyperliquid avoids venture capital funding and allocates 70% of token supply to the user base. All platform revenue is redistributed to the community. This approach supports long-term decentralization and user ownership. Information about potential benefits like a Hyperliquid airdrop may be shared directly via the platform interface. However, no actual data available at this time.