Hyperliquid vaults explained: HLP vault (market making yield), custom strategy vaults on HyperEVM, how to deposit, risks, and expected returns from Hyperliquid vault participation.
Hyperliquid vaults explained: HLP vault (market making yield), custom strategy vaults on HyperEVM, how to deposit, risks, and expected returns from Hyperliquid vault participation.
Hyperliquid is the dominant decentralized perpetuals exchange commanding approximately 70% of all on-chain derivatives volume. Built on a custom L1 with HyperBFT consensus, it achieves 0.2-second finality and 200,000+ TPS. Features: on-chain CLOB (not AMM), 100+ perp markets, up to 40x leverage, 0.024%/0.045% maker/taker fees, spot trading, HLP vaults, and HyperEVM for DeFi composability. HYPE token launched November 2024 — 31% to users, zero VC allocation. No KYC required.
70%+ of all decentralized perpetuals volume runs through Hyperliquid — here is why.
No KYC, no custodian. Connect a wallet and trade perpetuals on-chain in minutes.
hyperliquid.xyz — no account or KYC required.
2 seconds.
70%+ of decentralized perpetuals volume. $21.8B in 24H. 0.2-second finality. No KYC. No custodian risk.
Open Hyperliquid →No account required · No KYC · No withdrawal limits · Self-custody
"Hyperliquid has been my primary trading venue since early 2025. The execution quality is indistinguishable from Binance Futures at the position sizes I trade. Self-custody is a significant advantage I don\'t want to give up."
"The HYPE airdrop was the fairest token distribution I\'ve seen. No VC allocation, 31% directly to users based on trading activity. Combined with genuine protocol revenue capture, HYPE has real fundamental backing."
"The market share numbers are remarkable for a DEX. 70% of decentralized perp volume is not a statistical artifact — it reflects genuine product superiority in execution quality and liquidity."
No VC funding. 31% of HYPE airdropped to users. On-chain order book. 760,000+ traders.
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