Hyperliquid’s decentralized exchange has rapidly grown to become one of the biggest projects in crypto. Here’s how it works.

Hyperliquid processed $633 billion in Q1 2026, expanding from a perps DEX into a full-stack DeFi platform with spot trading, lending, and prediction

Hyperliquid’s decentralized exchange has rapidly grown to become one of the biggest projects in crypto. Here’s how it works.