Hyperliquid is a powerful player among DEX with growth potential.

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Hyperliquid — a powerful player among DEXs with growth potential.

Let's start with the fact that in 2022, a young Harvard University student, Jeff Yan, and his friends came up with the idea to create a next-generation crypto exchange. Their goal was ambitious — to build a platform that would work as efficiently as Binance or Bybit, but at the same time remain completely in the DeFi format. The main idea was as follows: to create a DEX exchange where a trader from any part of the world could connect directly from his wallet; not go through KYC; trade without limits on amounts; get high speed, accuracy and liquidity. And already in 2024, the Hyperliquid platform appeared, which quickly gained popularity in a short time. So what was the problem with the old DEXs, since the Hyperliquid platform was not something new. By this time, the market already had strong players such as GMX and dYdX. But they had serious limitations: trading through liquidity pools; (AMM) lack of a classic order book; price slippage; difficulties with large volumes. Simply put — it was inconvenient for professional trading. What did Hyperliquid change? Hyperliquid was one of the first to implement a full-fledged order book (like on classic exchanges) This means: real buyers and sellers; limit orders; high execution accuracy; minimal slippage. But for the order book to work, high speed is needed. And that's why the team did not use Ethereum or Solana, but created its own blockchain (L1). Its features: up to ~200,000 operations per second; instant price updates; fast deals. This is what gave the effect of "like on a centralized exchange", but without intermediaries.

As of today, Hyperliquid has already become a leader among derivative DEXs: the trading volume is ~6–7 billion $ per day. An important feature of this exchange is access to real markets. The platform did not limit itself to cryptocurrency. Here are available: gold, oil, indices and other traditional assets. Quotes are pulled through oracles with a link to such platforms as CME (Chicago Mercantile Exchange). And this means that the exchange gives fair market prices and no internal manipulations.
The HAPE token — economics and potential. The HAPE token is a key element of the Hyperliquid ecosystem. Its main functions: payment of commissions; participation in the ecosystem; benefit from the growth of the platform. One of the strongest sides of the token is that a significant part of the exchange's commissions is directed to the buyback of the token itself (buyback). This works the same way as in traditional business: the company earns, buys back its shares, the price is supported and grows. Why does it have potential? The exchange already generates huge volumes; the number of users is growing; expands to global markets (not just crypto); there is a real business model, not just a "token for the sake of a token". This is very reminiscent of the early model of BNB. Do you think HAPE can repeat the success of BNB? Once the BNB token was worth a few dollars and was used simply for discounts on commissions. Today - it is one of the largest assets on the market. Hyperliquid has similar signs: a strong product, real income, rapid growth, mass adoption. Therefore, it is not excluded that HAPE can go the way similar to BNB, if the platform continues to grow.
Hyperliquid is a new generation DEX, centralized exchange level speed, a fair market without intermediaries, access to global assets and, most importantly: it is one of the first projects that really blurs the line between DeFi and classic exchanges. At the moment, the HAPE token has already been added to the exchange service, and users can interact with it. Perhaps right now we are witnessing the early stage of a project that in the future will be able to repeat the success story of BNB.

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