Hyperliquid is a Layer 1 blockchain that runs a high-performance perpetual futures and spot DEX while also supporting lending, borrowing, real-world assets, and a full EVM environment for developers. The project has surged into the top 15 by market cap, recently hitting $17.8 billion with over $850 million in daily volume, as traders flock to its CEX-like order book experience without KYC or custody risk. Momentum is also driven by its native points program, upcoming token utility expansions, and growing integrations across the DeFi ecosystem. However, one clear risk stands