Hyperliquid
LivePartner DEXHyperliquid is a high-performance decentralized perpetual exchange built on its own sovereign Layer 1 blockchain,the Hyperliquid L1. It features a native centra
Pairs229
Volume 24h$8.45B▲117.01%
Open Interest$5.52B
Fees 24h$1.82M
Credits—
Pairs229
Vol 24h$8.45B▲117.01%
OI$5.52B
Fees$1.82M
Max Leverage
50x
MarginIsolated Cross
FeesMaker/Taker
Maker0.000%
Taker0.045%
Liquidation0.1000%
FundingHourly
Deposit Networks
Hyperliquid L1
Accepted Collateral
No collateral data
Protocol Info
Launch Date
Jun 15, 2023
Raised
Not available
Open Source
Partially
Last Audit
Nov 23, 2023
Supported Wallets
metamask
okx_wallet
rabbywalletconnect
W
Supported Languages
english
Restricted Regions
No Restrictions
Trading Details
Trading Model
On-chain Clob
Liquidity
Hlp Vaults
Settlement
Not available
Funding Rate
Hourly
Gas Model
<-$
Account Type
Wallet-based
Features
Trading Mechanics
Markets Offered
Cryptomeme Coins
Account Type
Wallet-based
Hedge Mode
Yes
Sub-Accounts
Yes
Native Collaterals
No
Settlement Type
-
Trading Model
On-chain Clob
Liquidity Source
Hlp Vaults
Protocol Version
mainnet
Protocol Types
Appchain Dexdexliquidity Network
Product & Trading
Services Offered
Perpetual Futuresspot Tradingvaults
Order Types
Limit Ordersmarket Orderspost-onlystop Orderstp-sl
Trading Tools
Api Tradingaccount Trackingbridgeleaderboardssdk
Notifications
Emailin-app Alerts
Education
Docstutorials
UX & Safety
Interface Types
Web App
Mobile Experience
Mobile Optimized
UX Features
1ct Tradingapi Tradinganalytics Dashtradingview
Safety Features
Insurance
Infrastructure
Price Oracles
Proprietary Oracle
Oracle Details
Hyperliquid utilizes a high-frequency validator-consensus oracle that aggregates prices from major CEXs (Binance,OKX) with sub-second latency. It uses a decentralized medianizer to determine the Mark Price used for funding and liquidations. For 2026,the system features a 'Just-in-Time' oracle trigger that verifies the index price at the exact microsecond of execution,effectively eliminating oracle-arbitrage and protecting the HLP vault.
Account Features
Subaccountsyield On Depositscross-asset 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 Mining
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
The 'Hyperliquid Points' program concluded with the HYPE airdrop and transitioned to the HYPE staking loyalty framework.
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
No
Gas Fee Model
<-$
Funding Interval
Hourly
Funding Mechanism
Dynamic
Position Fee Types
Funding Rate
Fee Tier Details
Users with higher 30-day volume unlock lower taker fees with top-tier traders reaching 0% and makers receiving 0.002% rebate.
Additional Notes
A dynamic 'ADL' (Auto-Deleveraging) and insurance fund take small portions from liquidations to maintain solvency.
Trading Pairs
229 trading pairs available
Fees
Fee Model
Maker/Taker
Fee Discounts
Referral, token Staking, volume Tiers
Zero Fee Trading
No
Variable Pair Fees
No
Weighted Vol Days
14
Withdrawal Fee
$0
Withdrawal Delay
Instant
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% | - |
Campaigns
DEX Campaigns
No active campaigns
DexPal Incentives
DexPal Credits
Earn credits from trading, quests, referrals, and ranking in the leaderboards.
Rewards
DexPal Points
Start Date
LIVE
DEX Points Bonus
DexPal redistributes 90% of the referral points it earns from each DEX back to users.
Rewards
Points
Start Date
LIVE
Charts
Coming soon
Trading Volume
No data available for the selected period
Coming soon
Fees
No data available for the selected period
