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    Hyperliquid Perps

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    TL;DR

    Hyperliquid is a Layer 1 blockchain best known for perpetual futures and spot trading. Beyond its flagship decentralized exchange (DEX), the ecosystem supports borrowing, lending, RWAs, and a full-fledged EVM.

    Dossier

    ## Overview Hyperliquid is a Layer 1 blockchain that functions as a purpose-built trading infrastructure for perpetual futures and spot markets. Rather than operating as a traditional smart contract platform with general-purpose applications, Hyperliquid was designed from inception to serve high-frequency traders, retail derivatives users, and market makers who require low latency, deep liquidity, and native support for complex trading instruments. The platform distinguishes itself by combining blockchain settlement with exchange-grade performance. Unlike typical decentralized exchanges that s