A perp exchange on HyperEVM that prices every trade at Hyperliquid's order-book mid, charges nothing on losses and is a fair launch: 0 VC, 0 team tokens. We read the full official docs: how it works, what it really costs and where the risks are.
99% of perp fees, 100% of USDC spot fees, 100% of the protocol's HIP-3 cut: everything converges on one address that auto-buys HYPE, block after block. The full map of Hyperliquid's fee flows, with today's on-chain numbers.
A scam wick nukes the chart, Twitter screams manipulation, and yet your position is still alive. Here is why: on Hyperliquid, liquidations follow the mark price, not the candle.
HIP-4 introduces Outcome contracts to Hyperliquid: binary settlement markets for predictions, sports, and events. A deep dive into what it means for $HYPE.