Trade perps.
On-chain.
No excuses.

Hyperliquid is a decentralized perpetuals exchange built on its own Layer 1 blockchain. Unlike most DeFi exchanges, it uses a fully on-chain order book — meaning every order, cancel, and trade is recorded on-chain in real time. It supports over 100 perpetual markets including BTC, ETH, SOL, and hundreds of altcoins, with leverage up to 50x.

It's simple: click this link — the referral code HLPEX is automatically applied. Connect your wallet (MetaMask, Rabby, or any EVM wallet), deposit USDC, and start trading. No signup form, no email, no KYC.

Hyperliquid is non-custodial — you connect a wallet and your funds stay under your control. The exchange runs on its own HyperEVM chain with a native bridge. Like any DeFi protocol, smart contract risk exists, but Hyperliquid has processed billions in volume without a security incident. Always trade only what you can afford to lose.

No. Hyperliquid is permissionless. You connect a wallet and trade — no email, no ID, no nationality restrictions. This is one of its biggest advantages over centralized exchanges like Binance or Bybit.

Hyperliquid charges 0.035% for takers and offers a 0.01% rebate for makers on most markets. This is among the lowest fee structures in the perps space — significantly cheaper than dYdX, GMX, or most CEXs at standard tiers.

Most DEX perpetuals (GMX, Gains Network) use AMM or oracle-based pricing, which means slower execution and higher price impact. Hyperliquid uses a real order book — bids, asks, limit orders — running fully on-chain. This gives it the feel of a CEX with the trustlessness of DeFi.