Hyperliquid is a decentralised exchange (DEX) and Layer-1 blockchain. The platform was built from the ground up to offer the speed of centralised exchanges while maintaining the security of a decentralised network. Its key strength is its custom-built blockchain, HyperCore, which uses a specialised architecture to achieve sub-second transaction finality and zero gas fees for trades. This design makes it a high-performance alternative for perpetual futures and spot trading.
Hyperliquid's technology combines an off-chain matching engine with an on-chain order book, creating a unique hybrid model. This setup ensures that trades are matched in real-time while maintaining transparency on the public blockchain. The native HYPE token powers the ecosystem and is used for governance and staking.



