In 2025, decentralized perpetual futures exchanges (Perpetual DEX) ushered in the so-called "Singularity Moment". At this node, the emergence of Hyperliquid technology has made on-chain derivatives trading no longer limited to small-scale experiments, but capable of achieving a professional trading environment with high liquidity, low slippage, low costs, and high security. This article will delve into the mechanisms, advantages, and impacts of Hyperliquid on the on-chain derivatives market.
1. What is Hyperliquid?
Hyperliquid is an innovative decentralized liquidity solution designed to address the pain points of traditional Perp DEX, such as insufficient Liquidity, high Slippage, and high trading costs. By aggregating multi-layer liquidity pools, automatically adjusting leverage, and optimizing capital efficiency, H