QuantorityH
Hyperliquid review
4.2/ 5
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A decentralized perpetuals exchange running on its own high-performance L1, offering on-chain order-book trading with self-custody and no centralized account. It has captured significant perp DEX market share and on-chain open interest. As a non-custodial venue, users bear smart-contract, bridge, and on-chain execution risks, and there is no centralized support desk.
Key facts
| Maker fee | 0.0150% | avg 0.0192% |
| Taker fee | 0.0450% | avg 0.0517% |
| Max leverage | 50x | avg 96x |
| Founded | 2023 |
"avg" = the average across all 6 venues we review.
Pros
- ＋Self-custodial, fully on-chain order book with no centralized account
- ＋Leading perp DEX by market share and on-chain open interest
- ＋Transparent, on-chain settlement and liquidations
Cons
- －Exposure to smart-contract, bridge, and on-chain execution risk
- －No centralized support desk or account recovery
- －Requires self-custody competence and wallet security discipline
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Ready to trade perps on Hyperliquid? Check current funding and open interest in the markets data first — and see how Hyperliquid ranks in our best futures exchanges list.