Hyperliquid is a decentralized exchange (dex) that, unlike most of its competitors, runs on its own blockchain At its core, hyperliquid is a decentralized exchange focused exclusively on perpetual futures — contracts that let traders bet on crypto price movements without owning the underlying assets. Hyperliquid’s token, hype, is staging a strong recovery just hours after the platform recorded one of the largest liquidation events. Hyperliquid, as a decentralized l1 blockchain, offers a platform optimized for perpetual futures contracts (perps) and spot asset trading Hyperliquid is a high performance layer 1 dedicated to being a low slippage and extremely fast decentralized crypto trading platform
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