Hyperliquid | Hyperliquid xyz | Hyperliquid DEX

The world of DeFi is something that is evolving at a fast pace. This means users have to hunt for a platform that allows them to be in sync with the ever-rising decentralized finance ecosystem. One such platform that could perfectly fit in this scene is “Hyperliquid.” This platform is being considered by a lot of individuals because of its efficiency and other dynamic features.

In short, Hyperliquid is one of the fastest as well as highly user-friendly platforms that supports decentralized perpetual trading. The platform has a high-performance and permissionless trading infrastructure. Apart from that, it delivers exciting solutions that come with a combination of features such as deep liquidity, fast execution of transactions, zero gas fees, and more. All of this can be accessed without having to compromise on the aspect of decentralization.

This means it turns out to be a perfect DeFi platform for a professional trader or a beginner as it comes with a seamless yet powerful experience designed for all levels of traders.

This is a completely on-chain decentralized exchange (DEX) that features an order book and is counted perfectly for perpetual futures trading. As is seen on other decentralized platforms which usually depend on Automated Market Makers (AMMs), hyperliquid is quite different. The platform uses the order book model which is quite similar to decentralized exchanges that offer tighter spreads, better execution of transactions, and industry-level performance.

Another thing to note here is that it is built from a custom Layer 1 blockchain which has been designed to offer speed, low latency, and scalability. In short, its only aim is to provide traders with such performance that is available on the centralized exchanges that too in a non-custodial environment.

• On-chain order book: Unlike traditional decentralized exchanges, Hyperliquid relies on an order book-based model and matching engine. This in turn offers speed as well as precision similar to that of centralized platforms such as Coinbase or Binance.

• No gas fees: Unlike other decentralized platforms that charge you a high gas fee, Hyperliquid promotes gas-free or gasless trading. The use of custom Layer 1 blockchain allows users to trade 24/7 without having to worry about fluctuating network fees.

• High-performance & Low latency: The platform uses a feature known as “Sub-second Finality” which means all your trades will be executed fast and will settle in the blink of an eye. Its infrastructure is designed in such a way that it can handle thousands of transactions within a second without letting you face any delays.

• Decentralization with custody control: since the platform is non-custodial, this means users will retain complete control over their assets, even during transactions.

• Beginner-friendly UI: The platform has been designed for all levels of traders including beginners as well as advanced traders. This allows them to navigate the crypto world with ease. In short, you can use it for accessing features such as leverage customization, charting tools, position tracking, and more.

• Extensive wallet support: Connecting to major wallets is easy as it comes with support for wallets such as Rabby Wallet, MetaMask, and more. This means, that even if you are a beginner in the field of DeFi, you can easily get started with it.

platform i.e. connecting a normal DeFi wallet and the second is by logging in using your email address.

In the first method i.e. if you are using an EVM wallet, it is obvious that you will need one such wallet. If you do not have one, you should create it beforehand. Wallets like Rabby or MetaMask will do. On the other hand, if you have chosen the “Collateral” method, you will need USDC and ETH to pay the gas fees. Apart from that, you will need to have BTC, ETH, SOL, etc. coins on Bitcoin, Ethereum, and Solana networks.

How to use hyperliquid with email?

1. Begin by going to https://app.hyperliquid.xyz/trade and then clicking on the “Connect” option.

2. Choose the “Log in with email” option and provide your email address.

3. Confirm your email address by providing the 6-digit code sent to your email.

4. Once you’re connected, you need to deposit funds using a centralized exchange.

How to use hyperliquid with a DeFi wallet?

If you have access to an EVM wallet and collateral, you can follow the steps defined below to on-board with Hyperliquid:

1. Begin by going to the https://app.hyperliquid.xyz/trade

2. Find the “Connect” button at the top-right corner and choose your preferred wallet.

3. You can use a default wallet or choose to go ahead with WalletConnect, OKX Wallet, or Coinbase Wallet.

4. Now, sign in with your wallet credentials and hit the “Connect” button.

5. On the next screen, choose the “Enable trading” button.

6. Press “Sign” when a pop-up appears on your wallet extension.

7. Further, you need to deposit to hyperliquid.

8. Now, you’re all set to trade.

How to trade perpetuals on Hyperliquid?

Using perpetual contracts on Hyperliquid, you can use your USDC as collateral to short as well as long the token. This means you do not need to buy the token itself – just like you do in spot trading.

1. Go to the Hyperliquid website and use the token selector to choose a token.

2. Following this, you need to choose whether you wish to long or short the token.

3. You can also use the given slider or you can also provide the size of your position by typing it in.

4. Also, note that the position size is equal to the leverage amount of your collateral.

5. To place the order, hit the “Place Order” button and then hit the “Confirm” option in the modal that shows up.

Conclusion:

Summarizing the read, we can say that hyperliquid is redefining the concept of decentralized trading. The platform offers lightning-fast transactions, a user-friendly interface, and deep liquidity without compromising on the security aspect. As we know the DeFi ecosystem is evolving continuously, and platforms such as hyperliquid are carving the pathway to ensure more transparent as well as efficient financial systems.