With no VC backing and 70% of its HYPE token supply distributed to users, Hyperliquid focuses on community-led growth. Staking, governance, high-yield vaults, and a $1.2B airdrop have made HYPE one of the most active and rewarding tokens in the DeFi space., Discover how Hyperliquid, a lean, self-funded layer-1 DeFi exchange, reached $330 billion in monthly volume in July 2025., Native Markets took the lead in the upcoming vote for USDH, the native Hyperliquid stablecoin. Despite better proposals from other teams like Paxos and Ethena, most validators signal a vote for Native Markets., This guide on how to trade on Hyperliquid presents a complete beginner’s walkthrough. It covers everything from setting up your wallet and placing your very first trade, while explaining order types, risk management, and taking full advantage of the platform’s features., Stablecoins market capitalization on Hyperliquid approaches the $6 billion mark as platform adoption grows. Hyperliquid (HYPE) edges lower, down around 2.5% to trade slightly below $54.00 on Thursday., hyperliquid offers perpetual futures contracts with up to 50x leverage across diverse asset classes. The hyperliquid order book aggregates liquidity through a sophisticated matching engine that executes trades at sub-second speeds..