Hyperliquid, a decentralized perpetual futures exchange, has become one of the biggest crypto projects globally, processing trillions in volume and ranking third among decentralized exchanges. Founded by Jeff Yan, it offers low fees, a variety of assets, and high leverage options up to 40x. Despite early challenges, Hyperliquid has attracted over 700,000 users and $2.7 trillion in total volume. Recently, Hyperliquid launched its stablecoin USDH, aligning with its ecosystem. With competition from the Aster decentralized exchange, backed by CZ of Binance, Hyperliquid’s dominance in the market faces uncertainty.

Read more at Yahoo Finance: What Is Hyperliquid? The Decentralized Exchange With Its Own Blockchain