Fully On-Chain Order Book
Unlike AMM-based DEXes, Hyperliquid records orders and executions on-chain, giving traders verifiable transparency and auditability for fills, funding, and liquidations. :contentReference[oaicite:1]{index=1}
Decentralised Exchange · Layer-1
Hyperliquid — Fast, Transparent, On-Chain Perpetuals
Hyperliquid is a high-performance Layer-1 blockchain built to run a fully on-chain order book DEX with sub-second finality, low fees and advanced perpetuals — blending CEX speed with DEX transparency.
What is Hyperliquid?
Hyperliquid is a decentralised exchange and dedicated Layer-1 blockchain designed specifically for derivatives and active trading. Its standout feature is a fully on-chain central limit order book (CLOB) that enables transparent order matching while achieving the throughput and latency traders expect from centralized venues. The stack includes a custom consensus layer and an EVM bridge for interoperability.
Key references: official app and docs for trading endpoints, fees, and developer APIs are linked below. :contentReference[oaicite:0]{index=0}
Low Fees & Fast Finality
Engineered for low latency and sub-second finality, Hyperliquid targets cost-efficient active trading with minimal on-chain friction — aiming to match centralized UX without sacrificing decentralisation. :contentReference[oaicite:2]{index=2}
Perpetuals & Spot Markets
Trade 100+ perpetual and spot assets with features like margin, funding, and copy-trading vaults. The platform focuses heavily on derivatives liquidity. :contentReference[oaicite:3]{index=3}
Developer-Friendly
Hyperliquid publishes API docs and SDKs for programmatic trading and integration; market connectors (e.g., Hummingbot) already support the exchange. :contentReference[oaicite:4]{index=4}
How to Get Started
- Visit the web app: app.hyperliquid.xyz. :contentReference[oaicite:5]{index=5}
- Connect a compatible wallet (the app supports EVM bridges and native accounts) and deposit funds using the bridge or supported tokens.
- Review market rules, fees, and docs at the official GitBook before trading. :contentReference[oaicite:6]{index=6}