
Hyperliquid
FreeDecentralized Derivatives
Hyperliquid is a leading decentralized perpetual exchange featuring a high-performance on-chain order book.

Decentralized Derivatives
Hyperliquid is a leading decentralized perpetual exchange featuring a high-performance on-chain order book.
Hyperliquid is a next-generation decentralized derivatives exchange that provides a professional-grade trading experience with high throughput and low fees.
By utilizing its own custom L1 blockchain optimized for trading, Hyperliquid offers a fully on-chain order book that ensures transparency, fair price discovery, and near-instant transaction finality.
Traders can access deep liquidity and high leverage across a wide variety of perpetual contracts.
The platform is designed for both high-frequency traders and retail users, featuring an intuitive interface and advanced trading tools.
Hyperliquid represents a significant step forward in the evolution of decentralized finance, where performance meets permissionless access in a robust and scalable environment.
Market, limit, stop and the rest, defined precisely enough to know which one does what you actually intend.
Portfolio margin treats both books as one position, which raises capital efficiency and changes how liquidation is calculated.
Contracts with no expiry need something else to pull them toward the index. Funding payments are that mechanism, specified in full.
Decentralized Options • Ethereum
Decentralized Derivatives • Arbitrum
Decentralized Options • Ethereum