Question 1

What is Hyperliquid (HYPE)?

Accepted Answer

Hyperliquid (HYPE) is a Layer 1 blockchain designed for decentralised financial applications. It emphasises transparency and low-latency operations with features such as:

- **Custom Consensus**: Uses the HyperBFT algorithm for efficient block finalisation and scalability.
- **On-Chain Operations**: Handles trades, liquidations, and order management fully on-chain to ensure decentralisation.
- **Decentralised Exchange (DEX)**: Includes an order book-based DEX for perpetuals trading as a native application.
- **Integrated EVM**: Features a HyperEVM that allows developers to build dApps interacting directly with the blockchain's components.

The platform also includes native token standards, liquidity strategies, and support for permissionless APIs to facilitate decentralised trading and development.

Question 2

What is Hyperliquid (HYPE) used for?

Accepted Answer

Hyperliquid (HYPE) powers a decentralised ecosystem where users and developers can interact with robust financial tools and applications. Its primary use cases include:

- **Decentralised Trading**:
  - **Perpetual Contracts**: Facilitates high-performance trading via an on-chain order book.
  - **Spot Trading**: Supports HIP-1 native tokens with deep liquidity.
- **Liquidity Provision**:
  - Through strategies like Hyperliquidity (HIP-2), the platform bootstraps token liquidity in a decentralised manner.
- **Vaults for Passive Income**:
  - Users can deposit funds into vaults managed by traders or algorithms, sharing in profits from market-making and liquidation strategies.
- **Bridging Assets**:
  - A native bridge allows seamless transfer of assets between Hyperliquid and external chains, leveraging its validator set for security.
- **Developing Decentralised Applications (dApps)**:
  - With its integrated HyperEVM, developers can build dApps that utilise the high-performance features of the L1 infrastructure.

Question 3

Who created Hyperliquid (HYPE)?

Accepted Answer

Hyperliquid was developed by Hyperliquid Labs, co-founded by Jeff and Iliensinc, Harvard classmates. The team includes members from Caltech and MIT with professional experience at companies like Airtable, Citadel, Hudson River Trading, and Nuro. Initially engaged in proprietary market-making in 2020, the team expanded into decentralised finance in 2022, driven by frustrations with existing platforms’ limitations in market design, technology, and user experience.

The project is self-funded, allowing the team to prioritise their vision without external pressures. Their expertise spans quantitative trading, blockchain technology, and user experience design, which they leverage to build an efficient decentralised ecosystem.

#	Instrumen	Bursa	Skor Tolok Ukur	Harga	Perubahan 24j	Volume 24j	Trading 24j	Pembukaan 24j	Tertinggi 24j
1	HYPE-USD HYPE-USD	coinbase	AA	93.63USD	-0.04%	624,726.13HYPE	50,641	93.67USD	96.07USD
2	HYPE-USDC HYPE-USDC	coinbaseinternational	BB	93.63USDC	-0.04%	624,726.13HYPE	50,641	93.67USDC	96.07USDC
3	HYPE-USDT HYPEUSDT	bybit	A	93.66USDT	-0.03%	618,200.29HYPE	164,639	93.69USDT	96.08USDT
4	HYPE-USDT HYPE-USDT	okex	A	93.64USDT	-0.05%	466,396.05HYPE	169,088	93.69USDT	96.12USDT
5	HYPE-USDT HYPE_USDT	gateio	A	93.63USDT	-0.04%	281,655.75HYPE	71,099	93.67USDT	96.15USDT
6	HYPE-USD HYPEUSD	kraken	AA	93.63USD	-0.05%	194,483.62HYPE	25,460	93.68USD	96.08USD
7	HYPE-USDT HYPEUSDT_SPBL	bitget	BB	93.65USDT	-0.04%	177,698.91HYPE	135,886	93.69USDT	96.14USDT
8	HYPE-USDT HYPE-USDT	kucoin	BB	93.66USDT	-0.03%	53,703.50HYPE	74,840	93.70USDT	96.13USDT
9	HYPE-USD hypeusd	bitstamp	AA	93.66USD	0.01%	41,621.85HYPE	5,695	93.65USD	96.04USD
10	HYPE-USDC HYPE-USDC	okex	A	93.64USDC	0.02%	39,147.92HYPE	15,650	93.62USDC	96.16USDC
11	HYPE-EUR HYPEEUR	kraken	AA	81.75EUR	0.22%	30,740.68HYPE	2,963	81.57EUR	83.71EUR
12	HYPE-EUR HYPE-EUR	okex	A	81.68EUR	0.19%	12,768.52HYPE	4,870	81.53EUR	83.68EUR
13	HYPE-EUR hypeeur	bitstamp	AA	82.00EUR	2.20%	3,129.50HYPE	414	80.23EUR	83.60EUR
14	HYPE-USD HYPE-USD	okex	A	93.76USD	0.00%	2,825.01HYPE	1,633	93.76USD	96.05USD
15	HYPE-USDC HYPE-USDC	kucoin	BB	93.60USDC	-0.18%	1,861.16HYPE	875	93.77USDC	96.00USDC
16	HYPE-USD HYPE:USD	bitfinex	BB	93.67USD	0.45%	1,445.11HYPE	403	93.24USD	96.00USD
17	HYPE-USD hypeusd	gemini	A	93.72USD	-0.27%	829.57HYPE	592	93.97USD	96.33USD
18	HYPE-USD HYPEUSD	cexio	BB	93.39USD	0.93%	650.75HYPE	5	92.53USD	95.88USD
19	HYPE-USD HYPE_USD	cryptodotcom	AA	93.74USD	-0.18%	531.61HYPE	3,212	93.91USD	96.12USD
20	HYPE-USDT HYPE:UST	bitfinex	BB	94.03USDT	0.66%	434.29HYPE	134	93.42USDT	96.11USDT
21	HYPE-USDT HYPEUSDT	cexio	BB	93.46USDT	-0.38%	88.96HYPE	13	93.81USDT	95.62USDT
22	HYPE-USDC HYPEUSDC	cexio	BB	93.02USDC	-1.02%	41.41HYPE	4	93.99USDC	93.99USDC
23	HYPE-TRY HYPE-TRY	okex	A	4,560.58TRY	0.35%	24.04HYPE	36	4,544.55TRY	4,675.59TRY
24	HYPE-USDC HYPEUSDC	hyperliquid	-	93.64USDC	-0.06%	1,459,817.49HYPE	149,220	93.70USDC	96.06USDC
25	HYPE-USDT hype_usdt	digifinex	D	93.63USDT	-0.07%	205,708.25HYPE	46,014	93.70USDT	96.08USDT
26	HYPE-USDT HYPE_USDT	coinw	-	93.81USDT	0.12%	203,485.99HYPE	8,791	93.70USDT	96.28USDT
27	HYPE-USDT HYPEUSDT	toobit	C	93.64USDT	-0.05%	200,171.58HYPE	62,111	93.69USDT	96.07USDT
28	HYPE-USDT hype_usdt	xtpub	-	93.63USDT	-0.04%	189,502.85HYPE	24,918	93.67USDT	96.11USDT
29	HYPE-EUR HYPE-EUR	bitvavo	B	81.66EUR	0.20%	150,058.49HYPE	11,874	81.50EUR	83.72EUR
30	HYPE-USDT sHYPEUSDT	phemex	C	93.55USDT	-0.06%	98,043.12HYPE	6,007	93.61USDT	96.20USDT
31	HYPE-USDT HYPE-USDT	bingx	D	93.80USDT	0.13%	43,239.91HYPE	153,104	93.68USDT	96.06USDT
32	HYPE-USDT HYPEUSDT	mexc	C	93.59USDT	-0.12%	39,896.91HYPE	19,215	93.70USDT	96.12USDT
33	HYPE-USDT HYPEUSDT	bitrue	D	93.61USDT	-0.07%	39,657.89HYPE	28,755	93.68USDT	96.04USDT
34	HYPE-EUR HYPEEUR	bit2me	B	81.75EUR	0.22%	29,335.86HYPE	2,870	81.57EUR	83.71EUR
35	HYPE-USDT HYPE_USDT	bitunix	C	93.65USDT	-0.04%	28,588.40HYPE	50,371	93.69USDT	96.06USDT
36	HYPE-USDT hype_usdt	lbank	C	93.62USDT	-0.10%	18,170.71HYPE	83,799	93.71USDT	96.53USDT
37	HYPE-IDR hypeidr	indodax	E	1,660,001.00IDR	0.84%	10,453.28HYPE	4,043	1,646,131.00IDR	1,699,979.00IDR
38	HYPE-USD HYPEUSD	edxmarkets	C	94.10USD	0.40%	8,956.84HYPE	448	93.73USD	96.02USD
39	HYPE-USDT HYPE-USDT	bigone	-	93.77USDT	0.06%	7,866.64HYPE	4,782	93.71USDT	95.99USDT
40	HYPE-USDT HYPEUSDT	coinex	C	88.20USDT	10.83%	6,414.81HYPE	9,823	79.58USDT	94.54USDT
41	HYPE-USD HYPEUSD	binanceusa	B	93.93USD	0.27%	5,749.73HYPE	537	93.68USD	96.05USD
42	HYPE-USDC HYPE_USDC	backpack	C	93.67USDC	0.05%	5,466.94HYPE	2,696	93.62USDC	96.06USDC
43	HYPE-USDC HYPEUSDC	mexc	C	93.78USDC	0.10%	5,059.01HYPE	9,517	93.69USDC	97.99USDC
44	HYPE-USDT HYPE_USDT	bydfi	-	93.60USDT	-0.11%	3,899.60HYPE	6,310	93.70USDT	96.10USDT
45	HYPE-USD HYPE-USD	btse	-	93.60USD	-0.06%	3,146.56HYPE	82,654	93.66USD	96.02USD
46	HYPE-USDT HYPEUSDT	btcturk	E	93.19USDT	0.09%	2,845.66HYPE	304	93.10USDT	95.99USDT
47	HYPE-BRL hypebrl	foxbit	-	482.70BRL	-0.22%	2,803.48HYPE	1,028	483.75BRL	495.57BRL
48	HYPE-USDT0 HYPEUSDT0	hyperliquid	-	93.78USDT0	0.13%	2,575.76HYPE	341	93.65USDT0	96.22USDT0
49	HYPE-USDC hype_usd	bitso	B	93.74USDC	0.25%	2,158.21HYPE	476	93.50USDC	96.09USDC
50	HYPE-TRY HYPETRY	btcturk	E	4,547.50TRY	-0.26%	1,971.54HYPE	368	4,559.40TRY	4,696.70TRY