About decentralized perpetual contracts:
Hyperliquid runs on its own blockchain, with the order book and matching engine operating entirely on-chain.
In the pool model, liquidity providers are the counterparties to traders: when traders are profitable overall, the pool loses money; when traders lose overall, the pool makes money.
$HYPE 71.51（-1.38%）
Hyperliquid runs on its own blockchain, with the order book and matching engine operating entirely on-chain.
In the pool model, liquidity providers are the counterparties to traders: when traders are profitable overall, the pool loses money; when traders lose overall, the pool makes money.
$HYPE 71.51（-1.38%）
