Hyperliquid is a performant Layer 1 blockchain built with the vision of a fully on-chain open financial system. The L1 uses a custom consensus algorithm called HyperBFT, optimized from the ground up to support high-frequency trading demands. HyperCore includes fully on-chain perpetual futures and spot order books where every order, cancel, trade, and liquidation happens transparently with sub-second finality. The chain currently supports 200,000 orders per second. HyperEVM brings EVM compatibility to Hyperliquid, making the performant liquidity and financial primitives available as permissionless building blocks. HYPE is the native token used for securing the network through staking, participating in governance, and paying transaction fees.