Layer 1

Hyperliquid

A layer 1 built around a fully on-chain order book.

Runs perpetual and spot exchanges with on-chain order books, margin and liquidations in HyperCore, secured by the HyperBFT consensus. HyperEVM adds general-purpose smart contracts that can read and interact with HyperCore state.

Type: Layer 1
Maintained by: Hyper Foundation / Hyperliquid Labs
Articles: 1

HyperliquidIntermediate

How does Hyperliquid run a fully on-chain order book?

Hyperliquid builds the exchange into the chain: HyperCore runs order books, margin, liquidations and the HLP vault as native logic under HotStuff-style HyperBFT, with HyperEVM alongside under the same consensus.

#consensus#defi#performance

JumpStart Blockchain · Oct 13, 20267 min