Hyperliquid

On-chain perpetual futures DEX

on-chainperpetualsDEXperp

hyperliquid.xyzUpdated 2026-11-02

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About

Hyperliquid is a decentralized perpetual-futures exchange built on its own L1 blockchain, offering CEX-like speed and depth with self-custody and no sign-up. Its HYPE airdrop became one of the largest on record.

The on-chain experience now rivals centralized exchanges, with fully self-custodied funds and no sign-up. Margin and liquidations run entirely in smart contracts — understand the mechanics before sizing up.

Main uses

On-chain perpetuals
Self-custody
Order-book trading
HYPE token

Site info

CategoryExchanges

TypeDEX

LanguagesEnglish / Multi-language

AccessWeb

FeesTrading fees

FAQ

Is Hyperliquid centralized or decentralized?

It's an on-chain perpetuals exchange running on its own L1 — self-custody, no KYC, with a CEX-like trading experience.

What are the risks of using Hyperliquid?

Smart-contract and market-making risks, chain congestion, and volatility from its early token distribution — all worth evaluating yourself.

How do I reach the official Hyperliquid site safely?

The “Visit official site” button on this page points to Hyperliquid’s official address: hyperliquid.xyz. Fake clones are common in crypto — verify the domain and bookmark this page or the official URL.

Does Hyperliquid cost money?

Trading fees

Visit official site ↗