Hyperliquid
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Hyperliquid from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Hyperliquid.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.