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Hyperliquid is a high-performance decentralized trading blockchain that has recently gained a lot of attention. It offers a comprehensive suite of trading features, including perpetual contracts with leverage of up to 50x on major cryptocurrencies like BTC and ETH. Additionally, the upcoming HyperEVM launch is set to further grow the Hyperliquid ecosystem, providing Ethereum-compatible smart contracts to developers.
Key Takeaways:
Hyperliquid is a high-performance Layer 1 blockchain optimized for decentralized derivatives trading.
HYPE, the platform’s native token, offers trading fee discounts, staking rewards and governance rights.
Its November 2024 airdrop rewarded over 90,000 users, setting a benchmark for community-focused token distributions.