Hyperliquid is a decentralized exchange (DEX) built on its own Layer-1 blockchain. It offers fast transactions, low fees, and advanced trading tools like perpetual derivatives.
You can trade various cryptocurrencies with leverage up to 50x on the Hyperliquid DEX. The platform combines the benefits of centralized and decentralized exchanges, providing a user-friendly experience without intermediaries.
Its native token, HYPE, is used for governance, fee payments, and staking rewards. In November 2024, Hyperliquid conducted a significant airdrop of HYPE tokens to nearly 100,000 users, marking one of the most valuable airdrops in crypto history.
