Hyperliquid (HYPE) is a Layer-1 blockchain and decentralized exchange platform.

Hyperliquid is built with the goal of enabling trading at centralized exchange (CEX) speeds through its integrated decentralized exchange (DEX) infrastructure, while maintaining high liquidity across the network.

At its core, the Hyperliquid blockchain supports the development and operation of various projects. In this regard, it is similar to other public blockchains. Any developer can deploy applications on the network without going through a permission process.

What sets Hyperliquid apart is its ability to capture deep liquidity through its native decentralized exchange architecture and make this liquidity accessible across the entire blockchain ecosystem.

How Does Hyperliquid (HYPE) Work?

The Hyperliquid blockchain is designed with a dual-layer architecture. These two synchronized layers operate as HyperCore and HyperEVM, each serving a distinct role within the ecosystem.

HyperCore is the core infrastructure that powers the decentralized exchange—the most critical component of the blockchain. It enables fully on-chain trading with speeds comparable to centralized exchanges (CEX).

All transactions on the exchange are validated within HyperCore. It also handles key network functions such as staking and governance, including voting on protocol upgrades.

HyperEVM is an Ethereum-compatible layer. It allows developers who want to build new applications or migrate existing ones to deploy their Ethereum-compatible smart contracts and tokens directly onto the Hyperliquid network.

In short, HyperCore handles the exchange and the blockchain’s core dynamics, while HyperEVM serves as a compatibility layer for broader network use. These two layers should not be seen as separate blockchains. Rather, they function as synchronized components with clearly defined roles for transaction validation and execution.

Hyperliquid Public Auction

There is no permission process required to develop applications or launch tokens on the Hyperliquid network. However, getting a token listed and tradable on the Hyperliquid exchange follows a different process.

Projects that wish to be listed participate in Hyperliquid’s public auction to compete for a spot. The process is conducted transparently, and the winning project earns the right to be listed. This mechanism helps prevent the exchange from being flooded with low-demand or low-quality listings, maintaining the overall quality of the platform. To support this goal, the number of tokens that can be listed each year is limited.

Hyperliquid Vaults

The Hyperliquid Provider was created to serve as the main liquidity provider for the Hyperliquid exchange. It ensures smooth liquidity flow across the platform and maintains the stability of trading operations.

Users can also contribute to this vault. Participants earn a share of the exchange’s trading fees proportional to the amount they have contributed.

Hyperliquid operates on a business model that reinvests a significant portion of its revenue back into the platform and its native token. For example, funds spent in the public auction process mentioned earlier are redirected to support the exchange’s liquidity. This creates a self-sustaining infrastructure designed to continuously strengthen the network.

The vault system is not exclusive to Hyperliquid. There are also privately managed vaults, overseen by specific traders. Users who lock their assets in these vaults share in the profits or losses generated by the trader’s actions. In this way, the model functions similarly to a copy-trading system.

Key Facts About Hyperliquid (HYPE)

• Hyperliquid was founded in 2023 by Jeff Yan.
• Hyperliquid is a Layer-1 blockchain.
• The main dynamic of the Hyperliquid blockchain is the Hyperliquid decentralized exchange.
• Hyperliquid is an EVM-compatible blockchain thanks to the HyperEVM infrastructure.
• HYPE is the native cryptocurrency of Hyperliquid.
• HYPE can be used for staking and governance voting on the platform.
• HYPE also powers transaction fee payments and other incentive mechanisms.
• Explore Hyperliquid’s official website here and discover more detailed information here.

How to Store Hyperliquid (HYPE)?

You can store and manage your HYPE tokens using browser, desktop, mobile, or hardware wallets that support the Ethereum blockchain.

How to Buy and Sell Hyperliquid (HYPE)?

You can buy and sell Hyperliquid (HYPE) with Tether (USDT) using the BtcTurk | Global website or mobile app. If you’re not yet a member, you can easily register on our website or app and buy Hyperliquid (HYPE) by depositing cryptocurrency.