Hyperliquid is a decentralized exchange (DEX) layer that focuses on offering high capital efficiency and advanced trading features for cryptocurrency derivatives. It utilizes an order book model and cross-collateralization to allow traders to maximize their positions. The platform aims to provide a trading experience similar to centralized exchanges but with the transparency and security of a decentralized system.
Hyperliquid empowers blockchain users with institutional-grade trading tools through a decentralized framework, enabling seamless access to leveraged derivatives markets without relying on custodial intermediaries. Traders benefit from deep liquidity and tight spreads via its order book model, while cross-margining optimizes capital efficiency by reusing collateral across positions. The platform’s non-custodial design ensures users retain full control of assets, combining the responsiveness of centralized exchanges with the transparency and security of decentralized protocols.