Hyperliquid
Layer 1 blockchain running a fully onchain order book for perpetual futures and spot trading.
No project pays to be listed. How we rank
Hyperliquid key facts
| Category | Derivatives exchange |
|---|---|
| Chains | Hyperliquid L1 (HyperCore and HyperEVM) |
| Platforms | Web, API |
| Custody | Non-custodial |
| Fees | Perps base tier: 0.045% taker, 0.015% maker |
| Security audits | Zellic (legacy bridge contract) |
What is Hyperliquid?
Hyperliquid is a layer 1 blockchain with an onchain order book for perpetual futures and spot trading. Base perps fees are 0.045% taker and 0.015% maker, lower with 14-day volume. Its site says it was built with no private investors and no paid market makers. The legacy bridge contract was audited by Zellic.
Hyperliquid usage
From DefiLlama (TVL) (fees users paid), updated Sep 26, 2026.
Hyperliquid pros and cons
- Base perps fees of 0.045% taker and 0.015% maker
- Onchain order book with hourly funding
- Maker rebates at higher volume tiers
- Published audit covers the bridge contract, not the whole chain
- Max leverage varies by asset, with order size limits
- Spot volume counts double toward tiers, which makes fee tiers harder to predict
Hyperliquid FAQ
What is Hyperliquid?
Hyperliquid is a layer 1 blockchain with an onchain order book for perpetual futures and spot trading. Base perps fees are 0.045% taker and 0.015% maker, lower with 14-day volume. Its site says it was built with no private investors and no paid market makers. The legacy bridge contract was audited by Zellic.
How much value is locked in Hyperliquid?
$7.7B according to DefiLlama on Sep 26, 2026. It is deployed on 2 chains: Hyperliquid L1, Arbitrum.
How much does Hyperliquid cost?
Perps base tier: 0.045% taker, 0.015% maker, according to Hyperliquid’s own page (checked Sep 26, 2026).
How much do users pay Hyperliquid in fees?
$75M over the last 30 days, according to DefiLlama on Sep 26, 2026.
Does Hyperliquid hold my funds?
No. Hyperliquid is non-custodial: you keep your funds in your own wallet and sign each transaction.
Sources
How this page works
Sources: Hyperliquid: official site, Hyperliquid: Docs, Fees, Hyperliquid: Docs, Audits. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.