Hyperliquid Explained: A Deep Dive Into the Perp DEX That Reshaped Crypto in 2025

Hyperliquid didnt rely on hype cycles or marketing blitzes to break into the spotlight-it engineered its way into relevance, forcing the crypto industry to reassess how far onchain trading infrastructure had come. What Hyperliquid Is At its core, Hyperliquid is a decentralized exchange ( DEX) built specifically for perpetual futures trading. Unlike earlier DEX platforms []