Hyperliquid, the core project of Hyper Foundation, presents a vision of a “fully on-chain open financial system” and takes a structure that combines its own L1, HyperBFT consensus, HyperCore order book, and HyperEVM. According to the official document, all orders, cancellations, transactions, and clearing of HyperCore are processed on-chain, and HyperCore currently supports 200k orders/sec. (Hyperliquid Docs) What differentiates Hyperliquid is that it is not a simple DEX but an “L1 with exchange functions built into the chain execution environment”.
Investment View
$$ px i \= round(px {i-1} \times 1.003) $$ Each level interval is approximately 0.3%. The strategy is updated at least every 3 seconds, which automatically forms the initial bid/ask of the new HIP-1 token. Risk: If the HyperEVM app ecosystem fails to create real demand, the market may re-evaluate Hyperliquid as only a “highly profitable perp DEX”. Second, does HIP-3 safely expand the builder-deployed derivatives market?
Source PDF
The PDF report is available alongside the slide viewer.
Report Type
Project Maturity Analysis
Version
v2
Analysis Date
May 16, 2026
Language
en
Disclaimer: This report is generated through AI-powered analysis and market data. This is not investment advice. All investment decisions should be made at your own risk.