Let’s talk about decentralized perpetual futures.
Hyperliquid runs on its own blockchain, with the order book and all matching taking place on-chain.
One thing many people overlook: in pool-based models, liquidity providers are the counterparty to traders. When traders are profitable overall, the pool loses money; when traders lose overall, the pool makes money.
Before using a new perpetual futures DEX, review its margin and liquidation rules. Don’t assume they’re the same as Binance’s.
$HYPE is Hyperliquid’s native token. Hyperliquid is known for perpetual futures trading.