Hyperliquid

Hyperliquid is a decentralized exchange (DEX) platform built on a Layer-1 blockchain, designed for fast, efficient, and gas-free perpetual contract trading. Leveraging HyperBFT technology with sub-second finality and high throughput, Hyperliquid ensures superior performance and transparency through its fully on-chain order book. With its community-focused token distribution model and no allocation for private investors, the project demonstrates a strong commitment to decentralization. Although it still faces challenges in regulation, adoption, and liquidity, Hyperliquid shows great potential to compete in the DeFi space thanks to its innovative approach.