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What Is Hyperliquid? The Decentralized Exchange With Its Own Blockchain
Key takeaways
- Hyperliquid has processed trillions of dollars in volume in its lifespan and is now the fifth-largest decentralized exchange by 30-day volume, per De Fi Llama.
- And how did it grow to be one of the biggest projects in crypto?
- Hyperliquid is a decentralized exchange specializing in perpetual futures trading, built atop its own dedicated layer-1 network.
What Is Hyperliquid? The Decentralized Exchange With Its Own Blockchain Ryan Gladwin,Jason Nelson Thu, June 18, 2026 at 12:14 AM GMT+7 8 min read HYPE32196-USD Decentralized perpetual futures exchange Hyperliquid has gone from being a market maker to one of the biggest crypto projects in the world.
Hyperliquid has processed trillions of dollars in volume in its lifespan and is now the fifth-largest decentralized exchange by 30-day volume, per De Fi Llama.
But what exactly is Hyperliquid? Why do people care so much about it? And how did it grow to be one of the biggest projects in crypto?
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