Hyperliquid — What You Need to Know About Hyperliquid
TrendingAbout the Exchange
Hyperliquid is a next-gen decentralized exchange launched in 2023 by Jeff Yan. Built on its own L1 blockchain with on-chain order book. Team of 11, fully self-funded — rejected venture capital. HYPE token launched in 2024. By 2025 — over 570,000 users and $308B monthly volume.
Key Parameters
Regional Availability
Instruments & Features
Perpetual futures with on-chain order book. Spot trading. Cross and isolated margin. HyperEVM for DeFi apps. Third-party bot support (Passivbot). Permissionless market creation (HIP-3).
Spot, Futures, Options
Over 150 assets. Liquidity provided by on-chain order book. Lightning-fast execution with sub-second finality.
Perpetual contracts. Up to 50x leverage for market orders (depends on position size). Limit orders — up to 10x. On-chain execution.
Options are not available on Hyperliquid.
P2P & Card Purchase
P2P trading is not available. Hyperliquid is a decentralized exchange working directly with crypto wallets. To fund your account, transfer crypto from another exchange or wallet.
Card purchase not available. Hyperliquid is a DEX, deposit requires USDC transfer via Arbitrum from another exchange or wallet.
Fees
Spot trading: 0.01%. Futures: 0.01%. Among the lowest fees on the market, including DEX platforms.
Bonuses & How to Get
20% referral bonus. Additional rewards through liquidity incentive program and points.
How to get the bonus:
- 1Connect crypto wallet (MetaMask, Rabby)
- 2Follow referral link
- 3Transfer USDC via Arbitrum network
- 4Start trading — 20% referral bonus automatically
Who Is It For
Pros & Cons
✅ Pros
- Full decentralization — no intermediaries
- Ultra-low fees (0.01%)
- No KYC or registration
- Lightning-fast order execution
- On-chain order book
❌ Cons
- No P2P — crypto deposits only
- Fewer coins (150+)
- High entry barrier for beginners
- No fiat support
- Younger project with shorter track record
