About

Hyperliquid is a decentralized trading platform built on its own high-performance Layer-1 blockchain, offering both spot and perpetual futures markets. It features fully on-chain order books (instead of AMMs), no gas fees for trading, and leverage options (up to around 50×) for users who wish to take larger positions. With fast transaction finality and high throughput, Hyperliquid aims to deliver a user experience more typical of centralized exchanges while retaining decentralization and allowing users full control over their funds. It supports USDC as the main collateral, a variety of trading tools (stop-loss, limit orders, etc.), and emphasizes transparency and speed in execution.

Affiliate Programs

Hyperliquid Referrals is a program that allows users to save on trading fees and earn rewards by inviting others to the platform. To participate, you generate your own referral code once your trading volume reaches a threshold. When new users sign up with your code, they receive a discount on fees (for their initial trading volume), and you earn a share of the fees they pay—up to a set cap. Discounts and rewards are tracked via a dashboard, making it a way both to reduce costs as a trader and to earn passively by bringing others in.

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Crypto Staking

Hyperliquid Staking allows holders of the platform’s native token (HYPE) to delegate their tokens to validators and earn passive rewards, while also helping secure the network. Delegation happens via a staking account that is separate from the spot account. Once staked, HYPE is locked for a short minimum period, and when you move it back to spot, there is a 7-day undelegation (unstaking) queue. Rewards are accrued continuously (by the minute) and paid out daily, with automatic compounding (redelegation) to the chosen validator. The overall yield depends on how much HYPE in total is staked in the system — for example, at a staking pool size of ~400 million HYPE, the annual reward rate is roughly 2.37%.

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Crypto Stats

Hyperliquid Stats is an analytics dashboard that offers real-time data and historical metrics for the Hyperliquid platform. It tracks user activity (such as number of unique traders), trading volume, open interest, liquidations, coin-specific performance, and more. The site includes charts for deposit/withdrawal flows, funding rates, slippage by trade size, and net profit/loss for users. It’s a transparency tool to help users and observers monitor how the protocol is performing over time.

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5.0 1 vote

Recent Reviews

AlekBlom
Initial admin rating
Sep 14, 2025