Hyperliquid HYPE
Rank #10 by market cap
Last 7 days
▲10.50%What Hyperliquid is
Hyperliquid is a decentralised exchange for perpetual futures, running on its own purpose-built blockchain. Its distinguishing technical choice is a fully on-chain central limit order book — the same order-book model centralised exchanges use, rather than the automated market makers most decentralised venues rely on, with every order and cancellation recorded on-chain.
That gives traders the execution model they are used to while keeping custody of their own funds, and it has attracted substantial derivatives volume.
Its distribution was equally unusual: no venture capital allocation, with a large share of supply distributed to actual users via airdrop. That earned genuine goodwill, though it also concentrated early supply among traders rather than long-term holders. The project is young, its volume is concentrated in perpetual futures rather than a broad ecosystem, and it competes with both centralised exchanges of vastly greater size and a crowded field of derivatives protocols. Its validator set is also small relative to established chains.
Where HYPE lives
Always verify a contract address against the project's own site before sending anything. Addresses are shown as published by the data source, not as an endorsement — and identical-looking tokens on other chains are the most common way people lose money here.
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Hyperliquid data synced 9m ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell HYPE.