What is Hyperliquid (HLP), and how does it work?

Explore Hyperliquid (HLP), its core functions and how it powers the Hyperliquid blockchain. Understand its impact on DeFi and decentralized trading.

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Hyperliquid is a decentralized perpetual exchange operating on its own high-performance layer-1 blockchain, HyperEVM. It specializes in perpetual futures trading, allowing users to speculate on crypto prices without holding the underlying assets. 

The HyperEVM mainnet has been launched with smart contract capabilities while preserving its fast, low-latency trading.

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