Hyperliquid Review
On-chain order book · Hyperliquid L1
24h volume
$8.5B
Open interest
$4.2B
TVL
$1.8B
Taker fee
0.035%
Markets
~150
Token
HYPE
What is Hyperliquid?
Hyperliquid is a high-performance L1 built specifically for perps, running a fully on-chain central limit order book. It leads the market on volume, open interest and market breadth.
Who it's for
Active and pro traders who want the deepest single-venue order book.
✅ Pros
- Deepest liquidity and highest volume in perps
- Fast, CEX-like on-chain order book
- Wide market list (~150)
- Strong points and token economy (HYPE)
⚠️ Cons
- Everything lives on its own app-chain
- Pro-oriented interface can feel dense
- Requires a deposit/bridge to start
Compare Hyperliquid
See how Hyperliquid stacks up head-to-head.
Hyperliquid vs JupiterHyperliquid vs DriftPerpmate vs HyperliquidHyperliquid vs GMXHyperliquid vs VertexHyperliquid vs dYdXHyperliquid vs GainsHyperliquid FAQ
Is Hyperliquid safe to use?
Hyperliquid is a non-custodial perp DEX, so you trade from your own wallet and keep your keys. As with any leveraged trading there is liquidation and smart-contract risk, so verify official links and only trade what you can afford to lose.
What are Hyperliquid fees?
Hyperliquid charges around 0.035% taker fees. Always check the live fee schedule before trading.
What chain is Hyperliquid on?
Hyperliquid runs on Hyperliquid L1 using a on-chain order book model.