Hyperliquid (HYPE): what you need to knowHyperliquid (HYPE): what you need to know

Hyperliquid is a Layer 1 blockchain specifically designed to run a high-performance perpetual futures exchange (perp DEX) fully on-chain. The native token HYPE is used for staking, governance and transaction fees on the network. Hyperliquid aims to combine the user experience of a centralised exchange with the transparency of DeFi.

Whitepaper: https://www.bitstamp.net/s/documents/White-paper-HYPE_published.pdf

Hyperliquid uses its own consensus mechanism, HyperBFT, which enables very high throughput and fast finality. The order book, matching engine and clearing run fully on-chain. Validators stake HYPE to validate transactions and secure the network.

• Ticker: HYPE

• Category: Layer 1 / DeFi Perp DEX

• Blockchain: Hyperliquid L1

• Protocol: HyperBFT (Proof of Stake)

• Year of launch: 2024

Hyperliquid combines its own Layer 1 with an EVM-compatible execution environment (HyperEVM). The network is optimised for low latency and high transaction frequency, so traders get an experience comparable to centralised exchanges but without central custody.

The Hyperliquid ecosystem is growing rapidly around its perpetual futures DEX and the apps built on top of it. Beyond trading, new DeFi protocols, vaults and strategy products are emerging that leverage Hyperliquid's liquidity and infrastructure.

Hyperliquid was founded by Jeff Yan and a team of experienced traders and developers with backgrounds in high-frequency trading and DeFi. The project launched in 2024 and quickly attracted attention within the DeFi community thanks to its combination of performance and on-chain transparency.

BTC Direct has been the European entry point to crypto since 2013. We make buying Hyperliquid straightforward, even if it is your first time:

• Trusted in Europe. BTC Direct is registered with the Dutch Central Bank (DNB) and operates under MiCA, the EU regulation for crypto.

• Familiar payment methods. Pay with iDEAL, Bancontact, Sofort, SEPA bank transfer, credit card, PayPal or Apple Pay. Your HYPE is on its way within minutes.

• Your coins, your control. We do not store your HYPE. After your purchase, your coins are sent straight to your own wallet address.

• Based in the Netherlands, serving all of Europe. Our experts are based in the Netherlands and answer in your language across the SEPA zone. Need help? We are here.

• Start with a small amount. From just €30. The minimum varies per coin.

Ready to buy your first HYPE?

Buy Hyperliquid now

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More questions about Hyperliquid or BTC Direct? Visit our help center for more answers.

For more technical information about Hyperliquid, visit the official website.

Cryptocurrencies, including Hyperliquid (HYPE), are volatile and carry risks. The value of HYPE can fluctuate greatly and investments can lead to financial losses. Always do your own research and only invest money that you are willing to lose.

The BTC Direct disclaimer can be found here.