Max Leverage
40x
MarginPortfolio Margin
FeesMaker/Taker
0.000%0.045%
Liquidation0.1000%
FundingHourly
Deposit Networks
Hyperliquid L1
Accepted Collateral
No collateral data
Protocol Info
Launch Date
Nov 7, 2023
Raised
$0.0
Open Source
Partially
Last Audit
Nov 27, 2023
Supported Wallets
MetaMask
OKX Wallet
RabbyWalletConnect
W
Supported Languages
English
Restricted Regions
No Restrictions
Trading Details
Trading Model
On-Chain CLOB
Liquidity
Protocol Vaults,user Lps,market Makers
Settlement
On-Chain
Funding Rate
Hourly
Gas Model
<-$
Account Type
Wallet-Based
Features
Trading Mechanics
Markets Offered
CryptoMeme CoinsIndexes
Account Type
Wallet-Based
Hedge Mode
Yes
Sub-Accounts
Yes
Native Collaterals
No
Settlement Type
On-Chain
Trading Model
On-Chain CLOB
Liquidity Source
Protocol Vaults,user Lps,market Makers
Protocol Version
Hypercore / Hyperevm
Protocol Types
Appchain DEXDEXLiquidity Network
Product & Trading
Services Offered
Perpetual FuturesSpot TradingVaultsLiquidity Provision
Order Types
Limit OrdersMarket OrdersPost-OnlyStop OrdersTp-SlMarket OrderLimit OrderStop LossTake ProfitTwapScale OrdersReduce OnlyPost OnlyIocOco
Trading Tools
API TradingAccount TrackingBridgeLeaderboardsSdkLeaderboardSubaccountsVaults
Notifications
EmailIn-App Alerts
Education
DocsTutorials
UX & Safety
Interface Types
Web App
Mobile Experience
Mobile OptimizedBrowser App
UX Features
1ct TradingAPI TradingAnalytics DashTradingviewCustomizable UiInteractive ChartsAdvanced Order Types
Safety Features
InsuranceMultisig
Infrastructure
Price Oracles
Proprietary OracleCex Apis
Oracle Details
Validator-computed weighted median: Binance(3x), OKX(2x), Bybit(2x), Kraken(1x), Kucoin(1x), Gate.io(1x), MEXC(1x), HL spot(1x). Updates every ~3 seconds. Mark price = weighted median of oracle, HL mid, and external perp mids.
Account Features
SubaccountsYield On DepositsCross-Asset CollateralYield On Collateral
Gas Optimization
The L1 Uses A Custom Consensus And State Management System That Eliminates User-Facing Gas Costs For Trading Activities.
Rewards & Yield
Rewards Programs
Airdrop ProgramReferralsTrading RewardsLiquidity MiningLoyalty ProgramCompetitions
Yield on Deposits
-
Staking Yield Source
Yield For Hype Stakers Is Generated From 100% Of The Trading Fees Collected By The L1 Matching And Settlement Engine.
Points Program
Trading activity (perps and spot volume). Leagues: Wood→Bronze→Silver→Gold→Platinum→Diamond by rank. Points visible on /points page.
Value Distribution
Protocol value accrues to HYPE token through governance treasury growth and protocol-wide buyback-and-staking rewards.
Token Utility
HYPE is the native utility token for gas on the L1 governance voting and staking to earn protocol-wide yield.
Fee Details
Fee Discounts
Referral, Token Staking, Volume Tiers
Zero Fee Trading
No
Variable Pair Fees
Yes
Gas Fee Model
<-$
Funding Interval
Hourly
Funding Mechanism
Dynamic
Position Fee Types
Funding Rate
Fee Tier Details
Perps: T1 -0/3.5bps; T2 0.5/3; T3 -0.5/2.5; T4 -1/2; T5 -1.5/1.5; T6 -2/1 (maker/taker). Staking discounts: Diamond 40%, Platinum 30%, Gold 20%, Silver 15%, Bronze 10%, Wood 5%.
Additional Notes
A dynamic 'ADL' (Auto-Deleveraging) and insurance fund take small portions from liquidations to maintain solvency.
Trading Pairs
230 trading pairs available
Fees
Fee Model
Maker/Taker
Fee Discounts
Referral, Token Staking, Volume Tiers
Zero Fee Trading
No
Variable Pair Fees
Yes
Weighted Vol Days
14
Withdrawal Fee
$0
Withdrawal Delay
1-10 Min
Funding Interval
Hourly
Funding Mechanism
Dynamic
Stake & Volume-Based Fee Tiers
| Tier | 14d Volume | Staked HYPE | Maker Fee | Taker Fee | Discount |
|---|---|---|---|---|---|
| 1 | <$5m | 10+ | 0.0400% | 0.0700% | 5% |
| 2 | >$5m | 100+ | 0.0300% | 0.0600% | 10% |
| 3 | >$25m | 1,000+ | 0.0200% | 0.0500% | 15% |
| 4 | >$100m | 10,000+ | 0.0100% | 0.0400% | 20% |
| 5 | >$500m | 100,000+ | 0.0000% | 0.0350% | 30% |
| 6 | >$2b | 500,000+ | 0.0000% | 0.0300% | 40% |
| 7 | >$7b | - | 0.0000% | 0.0250% | - |
Articles
Campaigns
DEX Campaigns
No active campaigns
DexPal Incentives
Charts