H

Hyperliquid Review

Perpetual DEXes · Official site ↗

B
Risk grade

High-performance orderbook perp DEX — sub-second finality

Best for: Active traders who prioritize execution speed and low fees over multi-chain access

TVL
$1.80B
APY Range
10-50%
Founded
2023
Chains
hyperliquid (own L1)

Risk Assessment

Newer L1 with rapid growth but shorter track record. Self-built validator set raises centralization concerns.

Audits & security reviews
Internal + ongoing external audits

Fees

Taker0.045%
Maker0.015%
Affiliate Discount4% trading fee discount

Strengths

  • ✓Sub-second finality, fully on-chain orderbook
  • ✓Lowest maker fees among perp DEXes (0.015%)
  • ✓HYPE token has strong market adoption
  • ✓Native USDC spot trading

Weaknesses & Risks

  • !Single-chain (own L1) — centralization risk
  • !Less than 3 years operational track record
  • !Validator set currently limited

Hyperliquid FAQ

What is Hyperliquid?

Hyperliquid is a perpetual dexes founded in 2023 on hyperliquid (own L1). High-performance orderbook perp DEX — sub-second finality

What APY can I earn on Hyperliquid?

Current yields typically range from 10% to 50% APY, with a typical rate around 22%. APY varies with market conditions, utilization and token emissions — always verify live rates before depositing.

Is Hyperliquid safe?

DifiCalc risk grade: B. Newer L1 with rapid growth but shorter track record. Self-built validator set raises centralization concerns. Audits: Internal + ongoing external audits. As with all DeFi, smart-contract and market risk remains — never deposit more than you can afford to lose.

What fees does Hyperliquid charge?

Taker: 0.045%. Maker: 0.015%. Affiliate Discount: 4% trading fee discount.

Affiliate disclosure: DifiCalc may receive a commission when you use links to Hyperliquid. 4% trading fee discount may apply to you. This never affects our risk grade. See our affiliate disclosure.

Run the numbers yourself

Model a real Hyperliquid position with our free yield calculator — no signup.

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Information last reviewed in 2026. APY figures are indicative ranges from protocol data and may differ from live rates. This page is for informational purposes only and is not financial advice.