The flagship application: the premier D E C E N T R A L I S E D exchange
Low fees
Zero gas and low fees on all orders.
Up to 40x leverage
Trade with conviction to maximize capital efficiency.
Transparent
Fully onchain order book. Trades, funding, and liquidations all happen on the Hyperliquid L1.
Seamless
One-click trading. No wallet approvals to interrupt your flow.
The Hyperliquid Stack
Perps and spot order books are two flagship applications built on HyperCore. But they are just the tip of the iceberg.
High performance applications are built natively. These financial primitives on HyperCore are accessible to decentralized applications on the general-purpose HyperEVM, which supports familiar Ethereum tooling. The HyperEVM and HyperCore exist as one unified state, unlocking applications that simultaneously require performance, liquidity, and programmability.
User-built applications on the HyperEVM interact seamlessly with HyperCore to let anyone use apps, launch tokens, and trade, all in one place.
The foundation of the Hyperliquid blockchain is HyperBFT consensus, which lets a disparate set of nodes agree on the state of the world. The state comprises all applications, both those built on HyperCore and the HyperEVM.
Perps and spot order books are two flagship applications built on HyperCore. But they are just the tip of the iceberg.
High performance applications are built natively. These financial primitives on HyperCore are accessible to decentralized applications on the general-purpose HyperEVM, which supports familiar Ethereum tooling. The HyperEVM and HyperCore exist as one unified state, unlocking applications that simultaneously require performance, liquidity, and programmability.
User-built applications on the HyperEVM interact seamlessly with HyperCore to let anyone use apps, launch tokens, and trade, all in one place.
The foundation of the Hyperliquid blockchain is HyperBFT consensus, which lets a disparate set of nodes agree on the state of the world. The state comprises all applications, both those built on HyperCore and the HyperEVM.
No investors. No paid market makers. No fees to any company.