Hyperliquid (HYPE)
Hyperliquid is a high-performance Layer 1 (L1) blockchain platform optimized from the ground up. It is designed to support a fully on-chain open financial system, enabling developers to build user applications that seamlessly interface with its native components. The platform emphasizes performance and user experience while maintaining transparency and efficiency.
The architecture of Hyperliquid
Hyperliquid's architecture is built to support a vast ecosystem of permissionless financial applications. This architecture allows every order, cancelation, trade, and liquidation to occur transparently on-chain with a block latency of less than one second. The chain is capable of supporting up to 100,000 orders per second, showcasing its ability to handle high transaction volumes with ease.
| Ticker | HYPE |
| Category | Decentralized Exchange (DEX) |
| Website | https://hyperliquid.xyz/ |
| @HyperliquidX | |
| Telegram | hyperliquid_announcements |
| Contract Addresses | |
|---|---|
| hyperliquid | 0x0d...ec Copied! |
HyperBFT consensus algorithm
At the core of Hyperliquid's performance is its custom consensus algorithm, HyperBFT. This algorithm is heavily inspired by Hotstuff and its successors, incorporating various optimizations tailored for the L1 environment. Both the algorithm and the networking stack have been meticulously developed to enhance the platform's speed and reliability.
The Hyperliquid ecosystem
The Hyperliquid ecosystem is defined by its efficient and transparent operations, which enable a range of financial applications to function seamlessly on the platform.
Hyperliquid DEX
The flagship native application within the Hyperliquid ecosystem is the Hyperliquid DEX, a fully on-chain order book perpetuals exchange. This decentralized exchange allows for efficient trading and liquidity management, leveraging the platform's high transaction throughput and low latency.
Native token standard and further developments
In addition to the DEX, Hyperliquid has introduced a native token standard to facilitate various financial operations within its ecosystem. Future developments on the platform include spot trading and permissionless liquidity, further expanding the range of financial services available to users.