$80.65
-0.3402 (-0.42%)24H
Hyperliquid price, last 12 months
97.2180.4321.00
Hyperliquid market data
- 24H High
- $82.39
- 24H Low
- $79.31
- 24H Volume
- 722.43K HYPE
- All Time High
- $95.25
- All Time Low
- $9.30
- Correlation with BTC
- 0.78
- Return on Investment
- +706.50%
- Market Cap
- $20.45B
About Hyperliquid
Hyperliquid represents a cutting-edge blockchain platform, specifically designed to enhance the efficiency and performance of decentralized finance (DeFi) applications. At its core, Hyperliquid introduces a novel Layer 1 (L1) blockchain that is meticulously engineered from the ground up to optimize performance and scalability. This optimization is largely attributed to its proprietary consensus mechanism, HyperBFT, which plays a pivotal role in ensuring rapid transaction finality and robust security measures.One of the standout features of Hyperliquid is its focus on decentralized perpetual exchange services. This platform facilitates perpetual futures trading directly on its native L1 blockchain, setting itself apart by eliminating gas fees for transactions. This approach not only reduces the cost barrier for participants but also significantly enhances transaction speed and efficiency.Hyperliquid's architecture boasts a fully on-chain order book, a rarity among decentralized exchanges (DEXs), which typically rely on off-chain order books to manage trades. This on-chain approach ensures greater transparency and security, as all transactions are verifiable on the blockchain.The development team behind Hyperliquid is composed of individuals with impressive backgrounds, including alumni from prestigious institutions such as Harvard, Caltech, and MIT, and professionals with experience in notable companies within the tech and financial sectors. This diverse and skilled team underscores the project's commitment to innovation and excellence.Notably, Hyperliquid is a self-funded initiative, emphasizing its independence and dedication to its vision without the influence of external capital. This autonomy allows for a focused development process, tailored to the needs and expectations of the DeFi community.In summary, Hyperliquid aims to revolutionize the DeFi space by offering a high-performance, cost-effective, and transparent platform for perpetual futures trading. Its unique combination of a custom L1 blockchain, zero gas fees, and a fully on-chain order book positions it as a promising player in the blockchain and cryptocurrency ecosystem. As with any investment in the crypto space, individuals should conduct thorough research to understand the risks and potential of the platform.
Hyperliquid social sentiment
BullishBullish
- 63 Bullish
- 28 Neutral
- 23 Bearish
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Hyperliquid whitepaper summary
Hyperliquid is a high-performance Layer 1 blockchain built specifically for decentralized finance, featuring a fully on-chain order book perpetuals exchange.
The platform processes transactions with sub-second latency and can handle up to 100,000 orders per second, making it comparable to centralized exchanges while maintaining complete decentralization.
Since its launch, it has demonstrated consistent performance and reliability, processing millions of transactions while maintaining its sub-second finality promise.
The platform combines the speed of traditional exchanges with the security and transparency of blockchain technology.
At the heart of Hyperliquid is HyperBFT, a custom consensus algorithm inspired by Hotstuff that enables incredibly fast transaction processing.
This system can process thousands of transactions simultaneously, achieving speeds previously only possible in centralized systems.
The platform's architecture features a fully on-chain order book, where every order, cancel, and trade happens directly on the blockchain.
This provides complete transparency and security while maintaining exceptional speed, with transactions typically processed in less than 0.2 seconds.
The system includes an advanced oracle system where validators publish price updates every 3 seconds.
These prices are gathered from major exchanges like Binance and OKX, with each source weighted differently to ensure accuracy and reliability.
The platform uses a sophisticated weighting system to prevent manipulation and ensure fair pricing.
Hyperliquid's infrastructure includes innovative features like flexible nonce tracking, allowing for high-frequency trading while maintaining security.
The platform can handle complex trading strategies and large order volumes without compromising its decentralized nature.
Recent technological improvements have enhanced oracle reliability and expanded market coverage, while maintaining the core architecture's efficiency and security features.
The Hyperliquid ecosystem is powered by HYPE, its native token that plays a crucial role in securing the network through staking.
Validators need to stake at least 10,000 HYPE to participate in running the network.
The staking system implements carefully designed lockup periods to ensure network stability.
When staking HYPE, there's a one-day lockup period before unstaking can begin.
Moving tokens from staking back to regular accounts requires a 7-day waiting period, which helps maintain network security.
Staking rewards are designed for long-term sustainability, using a formula inspired by Ethereum.
The reward rate adjusts based on the total amount of staked tokens, ensuring fair distribution.
For example, with 400 million HYPE tokens staked, participants earn approximately 2.37% annual rewards.
The platform has introduced additional utility features for HYPE tokens, including governance participation rights and trading fee discounts.
These features create a comprehensive tokenomics model that rewards both network security and active platform usage.
Rewards are distributed daily and automatically reinvested, allowing for compound growth while maintaining the network's security and stability.
Hyperliquid's development roadmap focuses on creating a comprehensive financial ecosystem.
The platform has successfully launched its core feature - a high-performance perpetuals exchange - and continues to expand its capabilities.
Current developments include creating a native token standard and implementing spot trading features.
The platform has already delivered several key improvements, including enhanced oracle systems and expanded market offerings.
A major upcoming feature is the HyperEVM, which will enable smart contract functionality while maintaining seamless integration with trading features.
This will allow developers to create custom applications that work directly with Hyperliquid's trading infrastructure.
The team is implementing permissionless liquidity features to democratize market making.
Future plans include cross-chain integration and advanced trading features like portfolio margin.
The roadmap emphasizes continuous improvement in performance and user experience, with regular updates and feature additions based on community feedback and market needs.
Hyperliquid Labs, led by Harvard classmates Jeff and iliensinc, brings together experts from prestigious institutions like Caltech and MIT.
The team includes professionals with experience at leading companies such as Airtable, Citadel, Hudson River Trading, and Nuro.
What distinguishes this team is their deep understanding of crypto market making and firsthand experience with existing platform limitations.
They initiated this project to address the significant gap between centralized and decentralized finance capabilities.
The team maintains independence through self-funding, avoiding external investment pressures.
This allows them to focus purely on building the best possible product according to their vision.
Since launch, they've expanded their team with additional developers and market specialists.
The team actively engages with the community, maintaining transparency and incorporating user feedback into their development process.
Their combined expertise in trading systems, blockchain technology, and market dynamics positions them uniquely to deliver on Hyperliquid's ambitious goals.
Latest Hyperliquid news
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Hyperliquid Policy Center Requests SEC to Revise Crypto Rules
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HYPE Token Recovers but Remains Below All-Time High
Hyperliquid FAQ
Hyperliquid (HYPE) is trading at $80.65, down 0.42% over the last 24 hours.
The market cap of Hyperliquid is $20.45B, ranking #8 among cryptocurrencies.
On the daily chart HYPE currently shows 1 buy signals and 3 sell signals. This is not investment advice.
The all-time high of HYPE is $95.25.
This page is for informational purposes only and is not investment advice. Cryptocurrency prices are highly volatile.