What is Hyperliquid?

Hyperliquid is a perp-focused DEX with a full on-chain order book. Unlike AMM-based DEXs, it emphasizes low latency, deep liquidity, and a centralized-exchange-like experience—while keeping settlement on-chain. The network and matching engine are purpose-built for perps, with sub-second block times and throughput tuned for trading. research.nansen.ai

Key architecture points

  • Hyperliquid L1: A custom chain written for trading performance; median latency reportedly ~0.3s. research.nansen.ai
  • On-chain order book: Transparent matching and margin checks; CEX-style UX.
  • HyperEVM: EVM compatibility bringing smart contracts and new markets to the ecosystem. Datawallet

What is HYPE?

HYPE is the native token of the Hyperliquid network and DEX. It’s used for governance, staking, liquidity incentives, and aligning users with protocol growth. Market trackers show HYPE among the largest crypto assets by market cap, with live price, supply and charts available on CoinMarketCap/CoinGecko. Cube Exchange+2CoinMarketCap+2

High-level token facts (live trackers)

  • Live price / market data: See CMC and CoinGecko for current price, market cap, supply and volume. CoinMarketCap+1
  • Tokenomics dashboards: Allocation and release schedules compiled by Tokenomist and exchanges. Tokenomist+1

Note: Hyperliquid governance has discussed supply/issuance tweaks (e.g., supply reduction and removing hard cap) to stabilize HYPE—always verify the latest proposals. CryptoSlate

Why traders care

  • Performance & UX: Built to handle heavy perp volume with low latency; often ranks among top decentralized perp venues. research.nansen.ai
  • Ecosystem momentum: Exchange listings (e.g., OKX) and high on-chain fee revenue have driven adoption. Live Bitcoin News+1
  • Permissionless markets & HIP-3: Experiments like HIP-3 (with RedStone) explore oracle-driven, community-created markets. FinanceFeeds

Recent headlines (quick pulse)

  • Strong fees vs. unlock overhang: Upcoming token unlocks tested price resilience amid high on-chain revenues. BeInCrypto
  • Major CEX debut: HYPE listed on OKX; price-target chatter followed. Live Bitcoin News
  • Supply policy debates: Proposals to alter supply mechanics surfaced in community media. CryptoSlate

How HYPE fits the stack

  1. Users trade perps/spot on Hyperliquid.
  2. HYPE is staked/used for governance & incentives across the L1 + HyperEVM apps. Datawallet
  3. Builders deploy on HyperEVM; initiatives like HIP-3 expand market creation. FinanceFeeds

Risks to consider

  • Volatility: Token unlocks and market cycles can drive sharp swings. BeInCrypto
  • Evolving tokenomics: Policy changes can affect supply/dilution. CryptoSlate
  • Ecosystem competition: Perp DEX space is crowded; continued execution matters. research.nansen.ai

Nothing here is financial advice; crypto is risky. Do your own research and only invest what you can afford to lose.

Useful live resources

  • CoinMarketCap — HYPE overview: price, supply, market data. CoinMarketCap
  • CoinGecko — HYPE page: charts, markets, news. CoinGecko
  • Tokenomist.ai — Tokenomics dashboard: allocation & release schedules. Tokenomist
  • Nansen Research — Hyperliquid deep dive: L1, latency, user growth. research.nansen.ai
  • HIP-3 explainer — RedStone/Hyperliquid: permissionless markets. FinanceFeeds

Free-to-use images you can reference

  • Logos/tokens & explainer images (check usage rights before publishing): selections above in the image carousel come from Imperator, Blocmates, BitDegree, Cryptoast, etc.

TradingView widgets (responsive, WordPress-friendly)

Tip for symbols: TradingView shows multiple HYPE symbols. Common ones include HYPEUSD, HYPEUSDT, and the perps symbol HYPEUSDT.P. Pick the one available in your region/provider (test them on TradingView first). TradingView+2TradingView+2

What Is Hyperliquid (HYPE)?

How Hyperliquid L1 & Order Book Work

The HYPE Token: Utility, Staking, Governance

Tokenomics: Supply, Emissions, Unlocks (with live-data links)

HyperEVM & Ecosystem Growth

Key Milestones: Listings, Revenue, HIP-3

Risks & Considerations

Where to Track Price (CMC/CG)

Live Chart (TradingView Widget)

Conclusion & Further Reading

Written by https://cryptoud.net/