What is the current price of Hyperliquid (HYPE)?

The current price of Hyperliquid (HYPE) is 19.761275355790314 AUD, representing a -6.24 from the day prior.

Can I buy Hyperliquid (HYPE) on Coinstash?

Yes - you can easily buy and sell Hyperliquid (HYPE) on Coinstash. Simply login or sign up, to start buying Hyperliquid (HYPE) in minutes.

Where is the best place to buy Hyperliquid (HYPE) in Australia?

The best place to buy Hyperliquid (HYPE) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Hyperliquid (HYPE) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Hyperliquid (HYPE)?

The trading volume of Hyperliquid (HYPE) is 269.3M AUD in the last 24hrs, representing a -6.24 from the day prior.

How can I buy Hyperliquid (HYPE)?

Hyperliquid (HYPE) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Hyperliquid (HYPE)?

The current market cap of Hyperliquid (HYPE) is 6.6B AUD.

Can I convert Hyperliquid (HYPE) to cash?

Yes - With Coinstash you can convert your Hyperliquid (HYPE) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Hyperliquid (HYPE) are there?

The current circulating supply of Hyperliquid (HYPE) is 333.9M.

Is Coinstash a safe place to buy Hyperliquid (HYPE) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Hyperliquid (HYPE) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Hyperliquid (HYPE)

What is Hyperliquid (HYPE)?

Hyperliquid (HYPE) is a high-performance Layer 1 blockchain designed to optimise decentralised finance (DeFi) applications, with a specific focus on decentralised perpetual exchange services. It seeks to combine the efficiency of centralised exchanges with the transparency and security of decentralisation. By enabling seamless, fully on-chain trading of perpetual contracts, Hyperliquid supports a user-driven, open financial system with advanced performance capabilities.

How does Hyperliquid (HYPE) work?

Hyperliquid operates as a purpose-built Layer 1 blockchain, engineered for efficient derivatives trading. Key aspects of its operation include:

Consensus Mechanism: Hyperliquid uses HyperBFT, a proprietary Proof-of-Stake (PoS) consensus algorithm that delivers secure, fast, and transparent transactions.
Smart Contracts: Ethereum Virtual Machine (EVM) compatibility through HyperEVM allows developers to deploy decentralised applications (dApps).
On-Chain Order Book: Facilitates decentralised perpetual trading by hosting order books directly on the blockchain.
Decentralised Infrastructure: Includes a clearinghouse for managing margin balances, a decentralised oracle system for pricing, and a bridge for cross-chain interoperability with Ethereum-based networks.
Transaction Performance: Processes up to 200,000 transactions per second with block finality in under one second.
Zero Gas Fees: Ensures a frictionless trading experience by eliminating transaction costs.

Developers can also leverage APIs and tools to create automated trading strategies and integrate custom applications seamlessly.

What are the potential use cases for Hyperliquid (HYPE)?

Hyperliquid is versatile and supports various applications and industries, including:

Applications:

Decentralised Perpetual Futures Trading: Enables trading perpetual contracts on a fully decentralised, on-chain system.
High-Frequency Trading: Provides a low-latency, decentralised environment ideal for high-speed trading strategies.
Cross-Chain Asset Transfers: Facilitates seamless movement of assets and liquidity between Ethereum-based networks and Hyperliquid’s blockchain.
Automated Trading Strategies: APIs support algorithmic trading and other advanced trading tools.
Liquidity Provisioning: Offers opportunities for decentralised liquidity provision through its Hyperliquidity system.

Industries:

Decentralised Finance (DeFi)
Cryptocurrency Trading and Exchanges
Financial Derivatives Markets

What is the history of Hyperliquid (HYPE)?

Hyperliquid was developed as a self-funded project, emphasising independence and commitment to its vision of creating an open and decentralised financial ecosystem. The founding team includes alumni from prestigious institutions such as Harvard, Caltech, and MIT, as well as professionals with expertise from leading technology and financial firms.

Key Milestones:

Token Airdrop: Conducted one of the largest token distributions in the cryptocurrency sector.
Market Recognition: Rapidly established itself as a key player in the decentralised perpetual trading segment.
Trading Volumes: Consistently achieves substantial trading volume and adoption across the DeFi space.

Continued Development:

Hyperliquid remains at the forefront of innovation, with ongoing developments including staking features, enhanced EVM compatibility, and tools to improve user and developer engagement. The platform’s commitment to performance and decentralisation ensures it remains a significant part of the evolving cryptocurrency landscape.