Crypto for Advisors: Hyperliquid and the future of finance
Hyperliquid is a decentralized finance platform that has gained significant traction by moving exchange-level perpetual futures trading onchain. The platform has achieved massive volume and liquidity metrics, rivaling major centralized exchanges while maintaining a lean team and decentralized infrastructure.
Why it matters
Hyperliquid demonstrates that high-performance financial infrastructure can operate effectively on a blockchain, potentially challenging the dominance of traditional centralized crypto exchanges.
In today’s newsletter, Michael Zhao from Grayscale Research on how Hyperliquid moved exchange-level trading onchain, and why its prices are starting to matter beyond it.
Then, in “Ask an Expert,” Kim Klemballa answers questions about the HYPE token: staking, fees, governance and the ETFs now tracking it.
Hyperliquid is a decentralized finance (DeFi) platform showing the world what is possible with blockchain technology. Purpose-built for financial infrastructure, it is best known for trading of perpetual futures , which are non-expiring derivatives that trade 24/7. An enormous success since their introduction, so-called perps aren't just revolutionizing onchain finance; they are creating new markets that are unavailable through traditional financial infrastructure.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in