The blockchain
to house all finance

Crypto today is scattered across dozens of chains — it doesn't have to be. Build, transact, and trade on one high-performance chain designed from the ground up for finance.

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🎁 4% Fee Rebate via Referral
Enter our referral code for a permanent 4% trading fee rebate

Add the referral code below during signup to receive a 4% rebate on every trade, applied automatically for the life of your account. Already signed up or already deposited? You can still enter the code before your first trade and receive the same rebate going forward.

Referral Code EVENTCODE
STEP 1Create your Hyperliquid account
STEP 2Deposit USDC (via Arbitrum)
STEP 3Open Referrals → Enter code → EVENTCODE
💡 Already deposited? It's not too late. As long as you haven't placed your first trade, open the Referrals menu and enter EVENTCODE — the 4% rebate applies from that moment onward, permanently.
Why Hyperliquid

A new standard for on-chain finance

Hyperliquid is a high-performance blockchain rebuilt from scratch to host a full on-chain financial system — order books, perpetuals, spot, and apps that scale globally.

Speed

Sub-second finality

The HyperBFT consensus algorithm delivers ~0.2s median latency and up to 200,000 orders per second — performance on par with leading centralized venues.

Security

Self-custody by default

Every order, fill, and liquidation is recorded on-chain. Trade against a fully transparent matching engine while your assets stay in your own wallet.

HyperEVM

HyperEVM

Deploy Solidity contracts on a general-purpose EVM that shares state with the high-performance order book — native, composable finance running directly on-chain.

Liquidity

Unified liquidity

One chain, one order book, one liquidity layer shared across perpetuals, spot, and on-chain apps. No bridges, no fragmentation.

Zero gas

Gasless trading

Trade perpetuals and spot without gas fees — pay only maker/taker fees, with no surprise costs during network congestion.

HYPE

The HYPE token

HYPE, the native asset, secures the network, powers gas on HyperEVM, and aligns the incentives of traders, builders, and validators.

Perpetuals trading

Perpetuals on a fully on-chain order book

The Hyperliquid L1 runs a central limit order book (CLOB) for perpetual futures across 100+ markets, with deep liquidity, tight spreads, and up to 50x leverage.

  • USDC-margined perpetuals across BTC, ETH, SOL, and 100+ other assets
  • Cross and isolated margin modes
  • Native one-click TWAP and scaled orders
Trade Perpetuals
HyperEVM

HyperEVM — composable on-chain finance

Builders deploy Solidity dApps to HyperEVM and plug directly into Hyperliquid's liquidity, oracles, and order book through precompiles. No bridges, no wrapped assets.

  • EVM-equivalent execution with shared state
  • Read prices, place orders, and settle from any contract
  • Unified asset system across the L1 and the EVM
Start Building
Vaults

Vaults — transparent, on-chain strategies

Deposit USDC into vaults operated by experienced traders or market makers and share in the results. Every position, P&L figure, and risk metric is published on-chain in real time.

  • HLP — the protocol's own market-making vault
  • Community-run vaults with on-chain track records
  • Withdraw at any time — no lockups
Explore Vaults
$1.5T+
Cumulative volume
200k
Orders per second
~0.2s
Median latency
$0
Gas per trade
Independent Comparison

Hyperliquid vs. Centralized Exchanges

An independent comparison compiled by our editorial team, updated for 2025.

Feature Hyperliquid Binance Bybit
Self-custody Yes No No
On-chain order book Yes No No
Maker fee (base) 0.010% 0.020% 0.020%
Taker fee (base) 0.035% 0.050% 0.055%
Max leverage 50x 125x 100x
Withdrawal time Seconds Minutes Minutes
KYC required No Yes Tiered

Trade on a chain built for finance

Connect a wallet, deposit USDC via Arbitrum, and you can be trading in a couple of minutes.

Start Trading See How It Works