⚡ Sub-second Matching Engine
Hyperliquid runs on a custom Layer 1 blockchain optimized for trading, with an average block time of just 0.2 seconds and theoretical throughput over 200K TPS. Your limit and market orders are matched at speeds comparable to centralized exchanges like Binance and Bybit — no more AMM slippage or network congestion.
🔒 Full Self-Custody, No KYC
Your funds always stay in your own wallet. Hyperliquid never custodies user assets. Connect an EVM wallet like MetaMask or WalletConnect and start trading — no identity verification required. Truly "not your keys, not your coins" reversed in your favor.
📊 Fully On-chain Order Book
Unlike most DEXes that rely on AMMs, Hyperliquid uses a fully on-chain order book with price-time priority, supporting:
- Market orders
- Limit orders
- Stop / Take Profit orders
- TWAP (time-weighted average price) orders
- Scale orders
Every order, fill and cancellation is on-chain and verifiable, with depth and slippage close to top-tier CEXes.
💰 Ultra-low Fees & Zero Gas
Trades on Hyperliquid incur zero gas fees, with industry-leading maker/taker rates. Additionally, staking the native HYPE token unlocks
further fee discounts — ideal for high-frequency traders.
📈 Perpetuals + Spot
Trade perpetual futures on BTC, ETH, SOL and dozens of other assets with up to 50x leverage, with both isolated and cross margin modes. Spot trading is also available to suit a variety of strategies.
🏦 Yield Vaults
Through Vaults, you can delegate funds to on-chain-verified professional strategies to earn passive yield. All vault operations are on-chain and transparent, with verifiable profit distribution.