Hyperliquid

Decentralized Perpetual Futures Trading — low slippage · deep liquidity · on-chain risk controls

Trade perpetuals — on-chain speed, institutional liquidity

Hyperliquid brings professional-grade perpetual futures to decentralized finance. Our architecture combines native on-chain settlement with off-chain matching and deep liquidity routing, giving traders minimal slippage, tight spreads, and predictable funding costs. Built for power users, market makers, and liquidity providers.

Deep Liquidity

Smart routing across pools and AMMs to reduce slippage and maximize execution.

Low Fees

Competitive maker/taker structure and fee rebates for liquidity contributors.

On-Chain Settlement

Positions settle on-chain for transparency and composability with DeFi vaults.

How Hyperliquid works

Hyperliquid uses a hybrid model: an off-chain orderbook and matching engine for ultra-low-latency execution plus on-chain settlement and collateral management. Trades route to the best liquidity sources and are settled into your chosen wallet. Risk parameters and margin are visible and auditable on-chain, while advanced order types (limit, stop, TWAP) offer precise trade control.

  • Fully non-custodial margin — keep custody of assets in your wallet.
  • Cross-margining across supported perpetuals to reduce capital usage.
  • Automated liquidation protections and insurance fund to protect traders.
Connect Wallet & Trade Read Docs

Security & Audits

Security is core to Hyperliquid. Contracts are audited by top-tier auditors, and the system employs multi-layered risk engines, circuit breakers, and on-chain insurance funds to protect against extreme market moves. The protocol publishes on-chain metrics and regularly updates its risk parameters in governance proposals.

For Liquidity Providers

LPs earn competitive yields by supplying liquidity to perpetual pools or by participating in AMM-based overlays that capture spread and funding fees. Flexible vault strategies let LPs choose risk-reward profiles and withdraw without protocol downtime.

Get Started

Connect your preferred Web3 wallet, deposit collateral, and choose a market. Use limit and algorithmic orders for precision, or enable cross-margin to maximize capital efficiency. Join the community to propose improvements or stake governance tokens to earn protocol rewards.