About Hype Token
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Network & Addresses
Network | Address | |
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Ethereum | 0x2630997aAB62fA1030a8b975e1AA2dC573b18a13 |
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Time | Price | Change |
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Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.00 | 0.00% |
FAQ
Hyperliquid (HLP) is the native token of the Hyperliquid decentralized exchange, which focuses on providing fast and efficient trading for perpetual contracts. Built to cater to both professional and retail traders, Hyperliquid aims to offer a seamless, low-latency trading experience with deep liquidity and minimal slippage. The platform operates without intermediaries, allowing users to trade crypto derivatives directly from their wallets. HLP tokens are integral to the ecosystem, offering utility for fee payments, governance, and incentivizing user participation.
Hyperliquid operates as a decentralized perpetual exchange, utilizing a custom-built high-performance matching engine that allows for near-instant order execution and settlement. Unlike traditional exchanges, it does not rely on centralized intermediaries, offering a transparent and trustless environment for derivative trading. HLP tokens can be used to reduce trading fees, participate in staking for rewards, and vote on governance proposals that influence the platform’s future. The platform’s architecture supports deep liquidity pools, aiming to minimize slippage even during high trading volumes.
HLP tokens have several use cases within the Hyperliquid ecosystem. Traders can use HLP to pay for reduced transaction fees, making trading on the platform more cost-effective. The tokens can also be staked for rewards or used to participate in governance, allowing holders to vote on key decisions regarding protocol upgrades and feature development. As Hyperliquid focuses on perpetual contracts, HLP facilitates efficient trading of crypto derivatives, making it a valuable asset for both casual traders and institutional participants looking for decentralized solutions.
Hyperliquid was launched as a decentralized perpetual exchange with the goal of offering fast, efficient, and transparent crypto derivatives trading. The platform was designed to address common issues faced by centralized and decentralized exchanges, such as latency, slippage, and high fees. Since its inception, Hyperliquid has focused on building a user-friendly interface with robust infrastructure to attract both professional traders and DeFi enthusiasts. The HLP token was introduced to support the platform’s growth, offering utility for trading, governance, and staking within the Hyperliquid ecosystem.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.