Hyperliquid liquidation explained: how liquidation price is calculated, cross vs isolated margin, what happens when you are liquidated, and risk management to prevent it.
Hyperliquid liquidation explained: how liquidation price is calculated, cross vs isolated margin, what happens when you are liquidated, and risk management to prevent it.
Hyperliquid is the dominant decentralized perpetuals exchange with approximately 70% of all on-chain derivatives volume globally. Built on a custom L1 with HyperBFT consensus (0.2-second finality, 200,000+ TPS), it runs a fully on-chain CLOB with $21.8B+ daily volume and $7.3B open interest. Features: 100+ perp markets, up to 40x leverage, 0.024%/0.045% fees, spot trading, HLP vaults, and HyperEVM DeFi. HYPE token: zero VC, 31% to users. No KYC required.
Custom L1, on-chain CLOB, CEX-grade liquidity — with self-custody. The architecture difference that changed decentralized trading.
No account. No KYC. Connect a wallet, bridge USDC, and trade perpetuals on-chain.
$21.8B daily volume. 0.2-second finality. No KYC. No custodian. Your funds on-chain, your keys in your wallet.
Start Trading on Hyperliquid →No account required · No withdrawal limits · Self-custody
"Hyperliquid is the best perpetuals trading experience available on-chain. 70% market share reflects genuine product quality — not marketing."
"HYPE tokenomics are the most user-aligned of any major protocol. No VCs waiting to dump. Real fee revenue. Legitimate reasons to hold."
"The on-chain CLOB architecture is the right design for professional derivatives. The market share dominance is the empirical proof."
Hyperliquid raised no venture capital and gave 31% of HYPE directly to early users. The most community-aligned major DeFi protocol launch in history.
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