Hyperliquid

Hyperliquid occupies a specific decentralized-trading role through on-chain perpetual order book and HyperCore trading engine. Its broader feature set covers HYPE native token, spot and derivatives markets, vault-based liquidity strategies, and high-frequency block production, giving Hyperliquid a distinct market model for Hyperliquid. Use this tag for upgrades to Hyperliquid, market-parameter decisions, liquidity conditions, exploits, integrations, governance, and settlement changes. At Hyperliquid, keep Hyperliquid's protocol token and collateral assets separate; the Hyperliquid entry follows margin design and settlement inside Hyperliquid.