Hyperliquid
HYPE Rank #11Price chart
What is Hyperliquid?
Trading and execution
Hyperliquid Labs is a core contributor led by Jeff and the pseudonymous iliensinc. HyperCore processes spot markets, perpetual contracts, orders and liquidations onchain. HyperEVM executes general-purpose smart contracts using Ethereum-compatible tooling. Both environments belong to the same blockchain. Applications can read HyperCore market information through the EVM's integration interfaces.
Consensus and HYPE
HyperBFT is Hyperliquid's consensus algorithm, derived from the HotStuff family. It establishes a shared ordering of transactions across the network. The validator system uses delegated Proof of Stake. HYPE holders can distribute their stake among several validators. HYPE also pays gas for transactions and contract execution on HyperEVM.
Delegation parameters
An active validator must provide at least 10,000 HYPE in self-delegation. That self-delegation is locked for one year. Delegation to a validator has a one-day lock before it can be withdrawn from that validator. Moving a balance from the staking account back to the spot account involves a seven-day withdrawal queue. Rewards come from the future-emissions reserve. Validator rewards depend on delegated stake, and rewards can be compounded into that stake.
Where to trade HYPE
67 exchanges · top 10
Live spot quotes from connected exchanges
HYPE funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.