Hyperliquid is a purpose-built Layer 1 blockchain and decentralized exchange for fully on-chain trading. It supports spot markets and perpetual futures while letting users control their own funds. However, that is only the simplest answer to what is Hyperliquid.
Behind the exchange, HyperCore powers order books and trading logic, HyperEVM runs smart-contract applications, and HYPE connects the wider ecosystem. The platform also carries risks involving leverage, liquidations, validators, bridges, and oracle data. Read on to learn how each part works, why Hyperliquid has attracted so much…
