Hyperliquid Price in India (HYPE)

Hyperliquid is a decentralized exchange (DEX) built on its proprietary Layer-1 blockchain, Hyperliquid L1. It offers low trading fees, high-speed transactions, and advanced trading features, including perpetual derivatives. Hyperliquid bridges the performance of centralized exchanges (CEXs) with the transparency and security of DeFi by addressing common inefficiencies in DeFi trading. It is fueled by its native token HYPE.

Hyperliquid Labs was co-founded by Jeff Yan and Iliensinc.

• HYPE token: The HYPE token plays a central role in the ecosystem, enabling governance, network security through staking, and payment of trading and transaction fees. 

• Custom Layer-1 blockchain: Hyperliquid runs its own Layer-1 blockchain optimized for derivatives trading and smart contracts.

• High-performance: It delivers high throughput, low latency, and sub-second finality, while offering advanced trading tools.

• EVM-compatible: Hyperliquid supports EVM-compatible smart contracts, allowing developers to build and deploy decentralized applications.

Hyperliquid’s combination of a high-performance on-chain exchange with a fully on-chain order book, advanced trading features, and its own Layer-1 blockchain distinguishes it from many traditional DEXs. The native token HYPE’s utility across governance, staking, fees, and as gas for smart contracts adds multiple use cases, while its deflationary mechanisms aim to support value over time. However, the project is relatively new, and its long-term resilience and regulatory environment remain uncertain; leveraged trading inherently carries risk for users. 

You can buy HYPE from crypto platforms like CoinSwitch.

• HYPE can be bought and traded on crypto platforms like CoinSwitch. 

• HYPE can be used to pay for trading and transaction fees on the Hyperliquid exchange.

• It can be staked to help secure the network and earn rewards.

• HYPE is the native gas token on HyperEVM for deploying and interacting with EVM-compatible smart contracts.

• Token holders can participate in protocol governance by voting on upgrades, proposals, or token listings

• Hyperliquid eliminates typical blockchain gas fees for trades, and users pay only trading fees similar to CEX fee structures.

• It offers features familiar to professional traders, such as leverage, multiple order types, and futures contracts.

• It follows a transparent structure where trades and settlements are recorded on-chain, and users maintain control of their own funds.

• HYPE is subject to market volatility like all cryptos.

• The network currently relies on a limited number of validators, which reduces decentralization.

• Perpetual futures and leverage trading carry high risk and can be difficult for novice users.

• Start investing in HYPE with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolio on the app.

Instead of a traditional ICO, Hyperliquid conducted a community-focused token launch through a genesis distribution and a large retroactive airdrop, with the TGE taking place on November 29, 2024, at a listing price of $3.90. Ranked among the top DEXs, Hyperliquid positions itself as a leading DeFi platform.