BLOX has applied for a MiCAR license from the Netherlands Authority for the Financial Markets (AFM) and is working hard to obtain it. Until then, you are still investing outside the supervision of the AFM.

Hyperliquid

Hyperliquid: everything you need to know about HYPE

Axel van den Boogaard

Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.

Hyperliquid facts

Abbreviation

HYPE

Category

DEX

Founder(s)

Unknown

Blockchain

Own Layer-1 blockchain

Protocol

HyperBFT consensus mechanism

Launch date

2024

Links

Whitepaper
|
Climate

What is Hyperliquid?

Hyperliquid is an advanced decentralized exchange (DEX) built on its own Layer-1 blockchain. The platform focuses on providing fast transactions, low costs, and advanced trading options such as perpetual futures. By utilizing a fully on-chain order book and its own consensus mechanism, HyperBFT, Hyperliquid aims to provide a hybrid experience that combines the benefits of both centralized and decentralized exchanges.

How does Hyperliquid work?

Hyperliquid utilizes its Layer-1 blockchain and the HyperBFT consensus mechanism to enable fast and secure transactions without gas fees. The platform supports direct deposits from over 30 blockchains, including Ethereum, Solana, and Base. By implementing a fully on-chain order book, Hyperliquid provides transparency and security, while also guaranteeing low latency and high throughput.

The HYPE token

The native token of Hyperliquid is HYPE. HYPE is used for governance within the platform, allowing holders to vote on proposals regarding protocol development, such as determining fees, technical parameters, and treasury management.

The technology behind Hyperliquid

Hyperliquid is built on its own Layer-1 blockchain that is optimized for DeFi applications. It utilizes the HyperBFT consensus mechanism to enable fast transactions without gas fees. The platform offers a fully on-chain order book, which ensures transparency and security when executing trades.

The Hyperliquid ecosystem

The Hyperliquid ecosystem includes a decentralized exchange that allows users to trade with low costs and high speed. The platform supports spot trading, perpetual futures, and token swaps. By utilizing its own blockchain and consensus mechanism, Hyperliquid provides a scalable and efficient solution for DeFi traders.

€35.984
0.92%

Benefits of Hyperliquid.

  • Fast transactions: Thanks to the HyperBFT consensus mechanism, transactions can be processed quickly without gas fees.
  • Low costs: The platform offers low trading costs by eliminating gas fees.
  • Transparency: The fully on-chain order book provides transparency and safety when executing trades.

Disadvantages of Hyperliquid

  • More limited adoption: As a relatively new platform, Hyperliquid may have less liquidity than established exchanges
  • Complexity: For new users, the interface and operation of the platform can be complex.
  • Dependency on own blockchain: Dependency on your own blockchain can lead to limited interoperability with other networks.

Who is the founder of Hyperliquid?

Hyperliquid was founded by a team of professionals with experience from renowned institutions such as Harvard, Caltech, and MIT, as well as companies in the technology and financial sectors. The team has substantial experience in blockchain technology and DeFi applications.

Hyperliquid price in the last 24 hours

View all key statistics of the past 24 hours here.

24h ago

€36.820

24h high

€37.080

24h low

€34.970

24h change
€1.6700

Market information

Use these figures to get a better picture of the Hyperliquid market.

24h volume

€269.3 million

Marketcap

€12.3 billion

Hyperliquid in circulation

333.8 million

All time high

€42.620

Hyperliquid Return On Investment

See how much the price has risen or fallen over the years.

1 month
6.96%
6 months
58.12%

Historical Hyperliquid price

Here you can see Hyperliquid's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!

From
Till
DatePriceVolumeMarketcap

Most popular crypto currencies today

Do you want to know more about Hyperliquid?