Infrastructure to House All Finance
Trade crypto, commodities, indices, FX, and real-world assets onchain, 24/7, without intermediaries.
MAX TPS
OTHER APPS
Builder codes
Builder codes allow builders to tap into Hyperliquid’s liquidity and charge fees on a per order basis without developing the backend. Similar to AWS for cloud infrastructure, builders own their users, while Hyperliquid provides the underlying liquidity and execution.
Security
HyperBFT supports ~200,000 transactions per second with a 0.07-second block time.
Token holders delegate their HYPE to validators, and an active set of 27 validators is selected based on stake. A quorum of more than 2/3 of total stake is required to commit each block. A 7-day unstaking queue deters large-scale consensus attacks.
The full execution state, including both HyperCore and the HyperEVM, is secured by HyperBFT. Every order, cancel, trade, and liquidation happens onchain, transparently with one-block finality. In addition, Hyperliquid is non-custodial: unlike centralized exchanges, it does not take custody of user funds. Those who prefer to use a qualified custodian can choose from several established providers, including Anchorage, BitGo, FalconX, Fireblocks, and Komainu.
News
FAQ
What is Hyperliquid?
Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading. Beyond its flagship DEX trading platform, the ecosystem supports borrowing, lending, real world assets (RWAs), and a full-fledged Ethereum Virtual Machine (EVM), making it a leading force in decentralized finance (defi).
Just as electronic trading dramatically improved markets in the 2000s, Hyperliquid offers an opportunity for a massive technical upgrade of the existing financial system through a transparent, efficient, and resilient blockchain.
What is Hyperliquid used for?
Hyperliquid is best known for perpetual futures and spot trading of crypto, equities, commodities, FX, and more. Users can also borrow, lend, issue, and send assets. A full-fledged EVM enables developers to build apps directly on the same chain using smart contracts.
What makes Hyperliquid unique?
The Hyperliquid blockchain state comprises two components, HyperCore and the HyperEVM. They are secured by the same underlying consensus mechanism, HyperBFT. Both the algorithm and blockchain are optimized from the ground up to support the unique demands of the L1 blockchain. Every order, cancel, trade, and liquidation happens transparently, and all transactions are verifiable on the blockchain. The network currently supports 200,000 orders per second.
What is the HYPE token?
HYPE is the native token of the Hyperliquid blockchain, with a maximum supply of 1 billion. It is used for staking, governance, gas fees, trading fee discounts, and asset deployment fees.
99% of protocol revenue is directed to the Assistance Fund, which purchases HYPE in a fully automated manner as part of the blockchain’s execution. HYPE in the Assistance Fund is burned, removing the tokens permanently from the supply.