Why Does Hyperliquid Stand Out Among Decentralized Derivatives Exchanges?

Hyperliquid is an innovative decentralized platform that focuses on efficient perpetual futures trading. It offers perpetual contracts, spot trading, and a Layer 1 chain trading environment with low latency and high throughput. It requires no KYC, has low handling fees, supports the development of DeFi applications with HyperEVM, and motivates community participation through HYPE tokens. As of December 2024, it has 230,000 users, a trading volume of $500 billion, and $1.12 billion in USDC of asset deposits. Its ecosystem includes projects like PURR, HFUN, and farm. The total supply of HYPE tokens is 1 billion, which is distributed in multiple ways to encourage the development of the ecosystem. The team consists of experts in the trading field and is led by Jeff. It refuses external investment and is committed to becoming a top high-performance public chain, focusing on user experience and the principle of decentralization to attract more users and developers and enrich its ecosystem.

Research Institute’s Comments:
Recently, HyperLiquid has been extremely popular. A large number of users missed the opportunity and wondered why the market value of this project could be so high. In fact, the core problem in the past was that projects were developed for VCs and exchanges. The aim was to inflate data, obtain investment, and get listed on major exchanges. Once listed on major exchanges, the mission of the project came to an end. However, HyperLiquid develops products for users. The purpose is to provide users with the best products and the best trading experience. Zero gas fees and ultra-fast order confirmation speed are all for this. Both the team’s and the users’ core assets are the HYPE tokens, so fees are continuously repurchased and burned. And without the intervention of VCs and CEXs, there is no continuous selling pressure afterward.