What You Should Know
- Hyperliquid currently controls over 80% of the decentralized derivatives market, with daily processing reaching $30 billion.
- The growth of the platform is driven by features akin to centralized exchanges, alongside new market creation frameworks and a dual-architecture setup.
- With a total value locked (TVL) of $2.2 billion, Hyperliquid aims to be a principal infrastructure for decentralized finance.
A recent report from RedStone outlines Hyperliquid’s rapid ascent in the decentralized perpetuals exchange category. This platform has captured a staggering portion of the market, highlighted by trading volumes comparable to major centralized exchanges.
Major Highlights:
- The report mentions the efficiency of Hyperliquid’s on-chain order book, which is now competitive in total execution speed with that of centralized exchanges.
- Through the HIP-3 framework, Hyperliquid fosters a vibrant ecosystem for developers, incentivizing them with a revenue-sharing model that benefits builders.
- The system’s dual architecture, comprising HyperCore and HyperEVM, facilitates innovative financial tools and strategies, such as tokenized positions and delta-neutral strategies.
“Hyperliquid is setting a new standard,” states the RedStone report, as the platform’s distinct design and community-driven growth create “unprecedented opportunities for builders and institutions alike.
