10 Interesting Facts About Hyperliquid, Decentralized Perpetual Exchange, New Crypto Revolution?

Jakarta, Pintu News – Crypto exchanges are experiencing a new revolution with the arrival of Hyperliquid, a perpetual decentralized exchange (DEX) platform that promises not only transparency, but also centralized exchange (CEX)-class performance.

With its homegrown Layer-1 (L1) architecture, Hyperliquid is making waves that are beginning to shake up the global digital asset trading landscape.

1. What is Hyperliquid and Why is it Important?

Hyperliquid is a DEX perpetual crypto exchange that runs on its proprietary Layer-1 network. This enables ultra-fast transaction processing and a highly polished user experience (UX).

By adopting Byzantine Fault Tolerance (BFT) consensus, Hyperliquid is capable of processing up to 20,000 operations per second. This technology makes Hyperliquid equal to even rival CEX’s speed in transaction settlement.

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2. Why did Hyperliquid choose to build Layer-1 itself?

Instead of using frameworks like Cosmos SDK, Hyperliquid builds a fully optimizable full-stack L1 network. This provides flexibility for developers and guarantees system stability.

In addition, by using a customized version of the Tendermint protocol, they significantly reduce end-to-end latency. This means traders can enjoy near-instant trading, which is crucial in a fast-moving market like crypto.

3. Top Features in Hyperliquid

Hyperliquid supports various order types such as Market, Limit, Stop Market, Stop Limit, to Take Profit and Stop Loss. All of them are designed to give users full freedom and flexibility.

Not only that, users can choose between cross and isolated margin systems. Even leverage of up to 50x is available, making the platform friendly to beginners and experienced traders alike.

4. Competitive Tokens and Fees

Currently, Hyperliquid supports various tokens such as Bitcoin , Ethereum , Avalanche , Binance Coin , Polygon , and others. The token list continues to grow as plans to open a decentralized listing system.

For fees, Hyperliquid sets a taker fee of 2.5 basis points (bps) or the equivalent of Rp406 per Rp1 million transaction, as well as a maker rebate of 0.2 bps. Unlike other exchanges that benefit only high-volume traders, all users get the same fee structure.

5. Vault System and Profit Opportunities for Users

One of the key innovations is the Vault system, where users can store assets for use in liquidation or market-making, and earn a share of the profits.

There is also a special vault called Hyperliquidity Provider (HLP), where anyone can become a market maker. The APR of these vaults ranges from 0% to 15%, depending on the performance of the market strategy.

6. Transparent Referral Program

Hyperliquid’s referral program is very attractive to new and existing users. Each user will get 10% of the fees paid by their referrals.

This model creates a sustainable and profitable ecosystem for the community, while organically expanding Hyperliquid’s reach.

7. How to Access Hyperliquid

Although still in the closed alpha phase, users can access Hyperliquid through referral codes or the common code ALPHA. Once logged in, simply click “Enable Trading” to start trading.

Funds can be moved to the Hyperliquid network via Arbitrum’s EVM bridge, with contracts audited by Cyfrin. Currently, there are no additional gas fees for trading during the alpha phase.

8. The Team Behind Hyperliquid

Hyperliquid was built by Chameleon Group, led by Jeff and Iliensinc, Harvard graduates. Their team consists of engineers graduated from Caltech, MIT, and Waterloo with deep experience in technology and finance.

The team has been active in the crypto world since 2020 as market makers. Dissatisfaction with the UX of other platforms led them to create Hyperliquid which is more intuitive and efficient.

9. Solid Hyperliquid Community

The Hyperliquid community consists not only of traders, but also developers who are actively building on top of this protocol. Intense technical discussions are seen on their Discord, signaling a community that truly cares.

This community commitment is Hyperliquid’s biggest asset in competing with other large DEXs and CEXs.

10. What’s Next for Hyperliquid?

With its true decentralized approach and high performance, Hyperliquid has the potential to change the way we see crypto trading. Future plans include collaboration with other market makers and opening up wider access.

If the project continues to grow, it is not impossible for Hyperliquid to become a pioneer in the decentralized cryptocurrency ecosystem in the future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Blocmates. A Complete Guide to Hyperliquid. Accessed August 13, 2025.