Hyperliquid Dominates Perpetual Futures Trading with Shared Liquidity Ecosystem

Hyperliquid has become the go-to platform for trading perpetual futures, also known as 'perps,' in the DeFi space. This is due to its high volume and depth of order book, which allows other applications to build on top of it seamlessly.

The platform's Ethereum-compatible HyperEVM connects directly to its homegrown HyperCore blockchain, allowing for fast and efficient transactions. This connectivity enables other apps to integrate with Hyperliquid's shared liquidity, rather than fragmenting it.

As more developers deploy on and integrate Hyperliquid, the platform experiences network effects, deepening liquidity and expanding asset offerings. Hundreds of builders, including big names like MetaMask and Phantom wallet, are now using Hyperliquid's 'builder codes' to generate revenue, a whopping $90 million so far, according to Flowscan.

Hyperliquid's unique approach has drawn praise from industry insiders, with Hansu Jian, CEO of Hyperion DeFi, calling it 'the AWS for finance.' The platform provides liquidity and execution services, allowing builders to focus on delivering great user experiences without developing backend infrastructure or maintaining liquidity themselves.