Hyperliquid (HYPE)
- Official Website: hyperliquid.xyz
- Definition: Hyperliquid is a decentralized perpetual futures exchange built on Solana.
- Category: DeFi, Exchange, Token.
- What It Is: A platform for trading perpetual futures with low fees and high speed.
- Function: Enables leveraged trading of crypto assets.
- Analogy: Think of Hyperliquid as a high-speed trading floor. It’s fast, efficient, and always open.
- Pros: Low fees, fast transactions, decentralized.
- Cons: Limited liquidity, competition from other DeFi platforms.
- Controversies: New and unproven, regulatory risks.
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This page was last updated on January 28, 2025.
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