Hyperliquid Decentralized Exchange Gains Momentum in Crypto Market

Hyperliquid is a decentralized exchange that has been gaining traction in the crypto market. With its proprietary Layer-1 blockchain called HyperEVM, the platform specializes in perpetual futures trading and processes up to 200,000 transactions per second.

The fully on-chain order book of Hyperliquid delivers real transparency, with all trades settled directly on the blockchain. This removes any reliance on centralized infrastructure for trade matching, making it an attractive option for traders who prioritize self-custody.

Compared to other popular exchanges like Binance and Kraken, Hyperliquid offers competitive fees and a more decentralized structure. However, critics argue that the validator set is relatively centralized compared to mature Layer-1 networks like Ethereum.