How Hyperliquid Hit $330B in Monthly Trading Volume With Just 11 Employees
What Is Hyperliquid? Hyperliquid is a decentralized perpetuals exchange running on its own custom layer-1 blockchain. The system is split into two tightly connected components: HyperCore, which manages onchain order books, margining, and liquidations, and HyperEVM, an Ethereum-compatible layer that adds programmability. Both run under HyperBFT, a proof-of-stake consensus inspired by HotStuff, ensuring speed and…