Hyperliquid

Purpose and Utility

Hyperliquid is a decentralized perpetual futures exchange built on a zero-knowledge rollup architecture. The HYPE token serves as the platform's governance token and is used for fee sharing among token holders.

Business Model

The platform primarily focuses on providing leveraged perpetual futures trading services. Users can trade with up to 10x leverage on various cryptocurrency pairs. The platform generates revenue through trading fees, with a portion distributed to HYPE token holders.

Real-World Adoption

The platform has achieved notable trading volume since its launch, though exact figures are difficult to verify. The project maintains active development and community engagement.

Platform Development

The project demonstrates ongoing technical development with regular updates to its protocol and trading interface. The team maintains transparency through their documentation and technical papers.

Token Distribution

Detailed information about token distribution and vesting schedules is not readily available in public documentation, which raises some transparency concerns.