perpetuals · spot · on-chain order book
Hyperliquid
A fully on-chain trading venue for crypto spot markets and perpetual contracts, with additional outcome-style products visible in the app.
Live market snapshot
Recent activity for Hyperliquid
GeckoTerminal · checked Aug 27, 2026, 10:29 PM UTC
24h volume
$311.3M
Pools returned
20
24h trades
401.7K
Data coverage
Top-pool snapshot
GeckoTerminal public snapshot of the top pools returned for this DEX. Volume, pool count, and trade count are tracked-pool figures, not a guaranteed venue-wide total.
Access model
Wallet-first
Fee lens
Hyperliquid's official schedule separates spot and perpetual fees into 14-day volume tiers.
Network scope
Hyperliquid L1, HyperEVM where supported
Verification
Wallet-first; checks vary
Official product visuals
Website and interface views
Provider-owned visuals; not independent performance evidence
Editorial read
What stands out about Hyperliquid?
Hyperliquid puts an order-book trading experience on its own high-throughput chain rather than presenting a simple AMM swap screen. The reviewed app describes spot and perpetual markets and also exposes other outcome-oriented products, so readers should identify the exact instrument before trading. Its public interface can show jurisdictional restrictions and product-specific eligibility.
Best suited to
Experienced users comparing an on-chain order book for spot or perpetual markets who understand margin, funding, liquidation, and chain-specific settlement.
Read before you trade
Perpetuals and other leveraged or outcome-based products can lose collateral quickly. Check the instrument, margin rules, funding, liquidation price, oracle/index mechanics, jurisdiction notice, and signing domain before proceeding.
Availability: Market, jurisdiction, wallet, and product eligibility dependent.
Verification: The reviewed app uses wallet connection and showed a restricted-jurisdiction warning; no conventional custodial account flow was relied on for this profile. Eligibility, region, product, and legal checks can still apply.
Assets: Crypto spot assets and perpetual contracts listed in the selected market; the app also displays additional market types.
What may work well
- On-chain order-book design
- Spot and perpetual market coverage
- Clear separation of fee schedules in official docs
Trade-offs to understand
- Leverage and liquidation risk
- Restricted jurisdictions and product eligibility
- The app includes more than simple spot swaps
FAQ
Questions readers usually ask
How does Hyperliquid charge users?＋
Hyperliquid's official schedule separates spot and perpetual fees into 14-day volume tiers. The reviewed perpetual base tier is listed at 0.045% taker and 0.015% maker; funding, spread, liquidation, and any applicable product costs are separate.
Does Hyperliquid require KYC?＋
The reviewed app uses wallet connection and showed a restricted-jurisdiction warning; no conventional custodial account flow was relied on for this profile. Eligibility, region, product, and legal checks can still apply.
Which networks or assets does Hyperliquid support?＋
Hyperliquid describes support for Hyperliquid L1, HyperEVM where supported. The current network and token list can change, so confirm the live interface before signing a transaction.
What should I check before using Hyperliquid?＋
Perpetuals and other leveraged or outcome-based products can lose collateral quickly. Check the instrument, margin rules, funding, liquidation price, oracle/index mechanics, jurisdiction notice, and signing domain before proceeding. Compare the route, slippage, network fee, contract address, and local obligations before using the service. This profile is educational comparison content, not a personal recommendation.
Educational comparison only. Provider terms, fees, policies, and access can change.