Hyperliquid

Definition ∞ Hyperliquid is a decentralized perpetual exchange platform known for its high-performance trading infrastructure. It offers low-latency trading and deep liquidity for various cryptocurrency derivatives. The platform operates on its own blockchain, designed to support rapid transaction processing. It provides a non-custodial trading environment for users.
Context ∞ Hyperliquid has garnered attention in crypto news for its rapid growth in trading volume and its innovative approach to decentralized derivatives. Reports often discuss its technological architecture, which aims to compete with centralized exchanges on speed and efficiency. Its performance metrics are closely watched as indicators of the broader potential for high-throughput decentralized finance applications.