Hyperliquid Review: What You Need to Know About This High-Performance Crypto Exchange
When you’re trading crypto derivatives, Hyperliquid, a non-custodial derivatives exchange built for speed and low fees on Ethereum L2. It’s not just another crypto platform—it’s engineered for traders who want fast order execution, deep liquidity, and zero slippage on perpetual futures. Unlike centralized exchanges that hold your funds, Hyperliquid keeps your assets in your wallet while letting you trade leveraged positions with up to 100x leverage. That’s a big deal if you’re tired of waiting for withdrawals or worried about exchange hacks.
What makes Hyperliquid stand out isn’t just leverage—it’s the tech behind it. Built on a custom order book system that runs on Arbitrum, it handles thousands of trades per second without lag. That’s why serious traders use it for scalping and arbitrage. Perpetual futures, derivative contracts that never expire and are settled in USDC are its main product, and it supports major coins like BTC, ETH, SOL, and even memecoins like DOGE and SHIB. You won’t find this kind of depth on most DeFi platforms. And unlike centralized rivals, Hyperliquid doesn’t require KYC, making it ideal for privacy-focused traders in regions with strict crypto rules.
There’s a catch, though. The interface is built for experienced traders. If you’re new to derivatives, you’ll need to learn about funding rates, liquidation thresholds, and margin types before you trade. But if you’ve used Bybit, Binance Futures, or dYdX before, Hyperliquid feels familiar—just faster and cheaper. Its fee structure is simple: 0.02% maker and 0.05% taker, with no deposit or withdrawal fees. And because it’s non-custodial, you’re never at risk of losing funds to exchange insolvency.
It’s not perfect. There’s no mobile app yet, and customer support is minimal. But for traders who care about execution speed, transparency, and control, Hyperliquid delivers. You’ll find real-world results in the trading data: tighter spreads, fewer failed orders, and higher liquidity than most DEXs. That’s why it’s become a go-to for DeFi power users who don’t want to compromise on performance.
Below, you’ll find real reviews, comparisons with other exchanges like Bybit and KyberSwap, and insights on how Hyperliquid fits into today’s crypto trading landscape—whether you’re hedging positions, arbitraging, or just betting on volatility.
