HyperliquidHYPE

Hyperliquid (HYPE) is the native token of Hyperliquid, a high-performance decentralised exchange focused on perpetual futures and spot trading, running on its own purpose-built Layer 1. The protocol stands out for fully on-chain order books and low-latency execution that aim to match centralised exchanges. HYPE launched in late 2024 with one of the largest community airdrops in crypto history, and is used for governance, staking and access to fee discounts within the protocol. As a newer asset, its price can swing sharply on liquidity flows and protocol developments — invest carefully and only what you can afford to lose.