Hyperliquid is a L1 decentralised ecosystem designed to improve the efficacy of dApps. The project prioritises scalability in its mission to provide the infrastructure for the burgeoning global DeFi environment.
The L1 blockchain made its name on the scene in 2025 in part due to its decentralised perpetual trading platform. This native product allowed ecosystem users to swap digital assets near instantly without incurring gas fees. This made Hyperliquid a popular protocol among high-volume traders, seeing the project’s market cap balloon almost 10x since its late 2024 release.