Hyperliquid

Hyperliquid is a decentralized exchange (DEX) running on its own Layer-1 blockchain, where every order, trade, and cancellation is recorded directly on-chain. At its heart is HyperBFT, a unique consensus mechanism that lets the network handle up to 200,000 actions per second while staying fully transparent. Another key part, HyperEVM, lets Ethereum-compatible developers create their own DeFi apps within the platform.

Hyperliquid mainly offers perpetual futures trading, letting users speculate on prices of assets like Bitcoin, Ethereum, and Solana without owning them. The platform features one-click trading, copy trading via vaults, and permissionless market creation, so third-party developers can launch their own perpetual contracts. It has also grown to include spot trading, staking, lending, and in September 2025, it launched USDH, a native stablecoin pegged to the dollar and backed by cash and U.S. Treasury-equivalent reserves.

Hyperliquid started closed testing in 2023 and gained strong momentum through 2024. By June 2025, it held over 73% of the on-chain perpetual futures market, with total trading volume exceeding $2.6 trillion. In October 2025, the platform made $100 million in monthly profit with only eleven employees.

Hyperliquid has no venture capital investors and has never revealed any private funding rounds. The founders at Hyperliquid Labs fully self-funded the project, a choice that influenced its token distribution. Instead of giving tokens to early investors, 76.2% of the total supply was set aside for community initiatives, which helped define the platform’s identity in the DeFi space.

$HYPE is Hyperliquid’s native cryptocurrency. It launched on November 29, 2024 via one of the largest airdrops in crypto history. The event distributed over 310 million tokens to about 94,000 users, worth more than $1.6 billion. The token’s price jumped from around $4 to $35 within weeks. HYPE supports the platform’s proof-of-stake consensus, acts as a governance token letting holders vote on updates, and can be staked to earn rewards while helping secure the network. A key part of HYPE’s economic model is that 99% of all trading revenue is used to buy back and permanently remove tokens from circulation, linking the platform’s success directly to token value.

Hyperliquid coins are available through several channels, with centralized cryptocurrency exchanges and the native Hyperliquid platform being the most accessible options for most buyers.

For larger transactions or for buyers seeking locked coins, Acquire.Fi offers a dedicated OTC Secondary Marketplace where qualified buyers can buy Hyperliquid coins OTC directly from early token holders or even project members. Buyers can either browse existing offers on the marketplace or submit a new Buy offer specifying their preferred valuation and purchase amount.

Crypto holders looking to sell their Hyperliquid coins OTC can use the same marketplace to liquidate their positions. Sellers can engage with current bids or submit a Sell form that reflects their terms. The Acquire.Fi team will ensure the listing reaches the right audience, connect both parties, and facilitate a secure end-to-end OTC transaction.