Name: Hyperliquid
Brand: Hyperliquid
SKU: HYPE
Price: 31.884 USD
Availability: InStock

Question 1

What is Hyperliquid (HYPE)?

Accepted Answer

Hyperliquid is a cutting-edge Layer 1 (L1) blockchain optimized from the ground up for high performance and scalability in decentralized finance (DeFi). It offers a fully on-chain perpetual exchange platform with a transparent order book, zero gas fees for trades, and ultra-fast transaction finality—processing trades, cancellations, and liquidations with block latency under one second. The platform leverages a proprietary consensus algorithm named HyperBFT, inspired by Hotstuff, to secure the network and enable up to 200,000 orders per second. Hyperliquid also supports Ethereum Virtual Machine (EVM) compatibility, allowing permissionless financial applications and liquidity primitives. It aims to create a fully on-chain open financial system with native advanced trading infrastructure and user-built applications.

Question 2

What differentiates Hyperliquid (HYPE) from other tokens?

Accepted Answer

Hyperliquid distinguishes itself by integrating on-chain order books for perpetual futures and spot trading with transparent, instant finality — a rarity among blockchains that mainly support off-chain order books or smart contracts. Its unique HyperBFT consensus algorithm and custom network stack are built specifically to support high-frequency financial applications with block latency under one second. The platform combines a high-performance native trading infrastructure (HyperCore) with an Ethereum-compatible smart contract environment (HyperEVM), enabling a unified, scalable, and permissionless open finance ecosystem. This dual structure allows it to simultaneously support cutting-edge financial primitives and broad programmability, setting it apart from traditional DEXs and Layer 1 chains.

Question 3

What is the utility of Hyperliquid (HYPE)?

Accepted Answer

The utility of Hyperliquid centers on its role as a high-performance L1 blockchain enabling a fully on-chain, permissionless financial ecosystem. It powers a fully transparent perpetual futures exchange with a native order book and zero gas fees for trades, offering maker rebates and low taker fees with up to 50x leverage. The platform processes orders with instant finality (under 1 second) and supports seamless one-click trading. Beyond trading, Hyperliquid supports deployment of assets under HIP-1 and HIP-2 standards, Ethereum-compatible smart contracts, system contracts, and native transfers. It also features decentralized exchange components such as vaults for copy trading, clearinghouses, and funding mechanisms, designed to offer fast, secure, and efficient leveraged crypto trading.

Question 4

What does the Hyperliquid (HYPE) whitepaper promise?

Accepted Answer

The Hyperliquid whitepaper promises a scalable, high-performance Layer 1 blockchain designed from the ground up to support a fully on-chain open financial system with user-built applications. It details a custom consensus algorithm, HyperBFT, optimized for speed and transaction finality. The whitepaper highlights Hyperliquid's capability to handle high throughput—currently up to 200,000 orders per second—and its novel architecture splitting state execution between HyperCore (for onchain perpetual and spot order books with transparent, single-block finality) and HyperEVM (an Ethereum-compatible smart contract platform enabling permissionless applications). This architecture aims to unify liquidity, trading, and user applications into a secure, scalable, and transparent DeFi ecosystem.

Question 5

What consensus mechanism does Hyperliquid (HYPE) use?

Accepted Answer

Hyperliquid uses a custom consensus algorithm called HyperBFT which is heavily inspired by the Hotstuff protocol and optimized specifically for its Layer 1 blockchain. This consensus mechanism ensures fast block finality with low latency (under 1 second) and high throughput, supporting up to 200,000 orders per second on the network.

Question 6

Who created Hyperliquid and why?

Accepted Answer

Hyperliquid was created by a skilled development team composed of individuals with backgrounds from prestigious institutions such as Harvard, Caltech, and MIT, as well as professionals experienced in leading technology and financial companies. It is a self-funded project aiming to build a fully onchain open financial system with transparent, permissionless trading and decentralized perpetual exchange services. The motivation is to offer a high-performance Layer 1 blockchain optimized for decentralized finance applications without compromising user experience.

Question 7

How do I use the Hyperliquid (HYPE) token?

Accepted Answer

You can use the Hyperliquid (HYPE) token primarily within its own high-performance Layer 1 blockchain ecosystem supporting a fully onchain perpetual futures and spot trading platform. The native application is the Hyperliquid decentralized exchange (DEX), which enables gasless, lightning-fast perpetual futures trading with features like zero gas fees, maker rebates, and low taker fees. The platform provides instant finality (<1 second) on trades and supports up to 50x leverage. Users can also build or use permissionless financial applications on Hyperliquid's Ethereum-compatible smart contract platform (HyperEVM). The fully transparent and onchain order book supports seamless one-click trading and offers a comprehensive decentralized, scalable financial ecosystem.

Question 8

Where do I buy the Hyperliquid (HYPE) token?

Accepted Answer

Hyperliquid can be bought on the SwissBorg app with just a few clicks. Download the app for Android or iOS and exchange cryptos instantly at the best price.

Question 9

What problem or need does Hyperliquid aim to address?

Accepted Answer

Hyperliquid addresses the need for a fully on-chain, open financial system that enables high-performance decentralized trading with transparency and scalability. It solves the problem of slow and costly transactions on traditional blockchains by offering block latency of less than 1 second and supporting up to 100,000 orders per second, allowing every order, cancel, trade, and liquidation to be executed transparently on-chain with instant finality. This enables a new generation of permissionless financial applications and trading infrastructure that combines speed, security, and transparency in one platform.

Question 10

Is the Hyperliquid (HYPE) open-source, and can I review its code?

Accepted Answer

Based on the provided documents, there is no explicit information confirming whether Hyperliquid (HYPE) is open-source or if its code is available for public review. Therefore, details about its open-source status or code accessibility cannot be answered from the given information.

Question 11

How was the Hyperliquid (HYPE) token generated?

Accepted Answer

The documents do not provide specific details on how the Hyperliquid (HYPE) token was originally generated or minted. Thus, information about the token's generation process cannot be answered based on the provided content.

Question 12

What is the Hyperliquid (HYPE) transaction speed and scalability?

Accepted Answer

Hyperliquid is a high-performance Layer 1 blockchain optimized for speed and scalability. It employs a custom consensus algorithm called HyperBFT, inspired by Hotstuff, tailored for fast finality and reliability. The blockchain supports an ecosystem where every order, cancel, trade, and liquidation happens on-chain with a block latency of less than 1 second. It currently handles up to 100,000 orders per second, offering massive transaction throughput suitable for perpetual futures trading and other financial applications. This design ensures fast, scalable, and transparent on-chain trading activity with near-instant transaction finality.

Question 13

Is Hyperliquid (HYPE) environmentally friendly in terms of energy consumption?

Accepted Answer

The supporting documents do not provide specific information about the environmental friendliness or energy consumption of the Hyperliquid (HYPE) cryptocurrency.

Question 14

What is the governance model for Hyperliquid (HYPE)?

Accepted Answer

Hyperliquid is secured by a custom consensus algorithm called HyperBFT. This consensus protocol, inspired by Hotstuff and its successors, is optimized to support the highly performant Layer 1 blockchain. The validator set securing HyperBFT also oversees an Ethereum Virtual Machine (EVM) bridge, which requires approval from two-thirds of the staking power for secure deposits and withdrawals. This decentralized and robust consensus model underpins Hyperliquid's governance by ensuring transaction finality, security, and decentralization without relying on centralized custodians.

Question 15

What are the long-term goals and vision for Hyperliquid?

Accepted Answer

Hyperliquid's long-term vision is to build a fully onchain open financial system that enables user-built applications interfacing with high-performance native components while maintaining excellent user experience. The project aims to support an entire ecosystem of permissionless financial applications where every order, cancellation, trade, and liquidation happens transparently on-chain with block latency below one second. By providing a scalable Layer 1 optimized blockchain with a custom consensus algorithm (HyperBFT) and combining it with Ethereum-compatible smart contracts, Hyperliquid seeks to unify liquidity, user applications, and trading activity on a single performant platform. Ultimately, it aspires to revolutionize decentralized finance by delivering an inclusive, scalable, and transparent open financial ecosystem with seamless on-chain trading and financial primitives.

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What is Hyperliquid (HYPE)?

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Hyperliquid Price

Top up and invest in seconds!

Market Stats

What is Hyperliquid (HYPE)?

What differentiates Hyperliquid (HYPE) from other tokens?

What is the utility of Hyperliquid (HYPE)?

What does the Hyperliquid (HYPE) whitepaper promise?

What consensus mechanism does Hyperliquid (HYPE) use?

Who created Hyperliquid and why?

How do I use the Hyperliquid (HYPE) token?

Where do I buy the Hyperliquid (HYPE) token?

What problem or need does Hyperliquid aim to address?

Is the Hyperliquid (HYPE) open-source, and can I review its code?

How was the Hyperliquid (HYPE) token generated?

What is the Hyperliquid (HYPE) transaction speed and scalability?

Is Hyperliquid (HYPE) environmentally friendly in terms of energy consumption?

What is the governance model for Hyperliquid (HYPE)?

What are the long-term goals and vision for Hyperliquid?

SwissBorg Indicators

Technical Analysis

Exclusive tools

Automate your investment today!

Receive notifications when Hyperliquid reaches certain prices

Begin your Borger Journey today with the SwissBorg app!

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