IntroductionThe Hyperliquid DEX is an order book-based perpetual futures decentralized exchange (DEX) that offers features and user experiences similar to those of centralized exchanges. It is supported by the Hyperliquid layer 1 blockchain, which was specifically designed for performance, processing up to 100,000 transactions per second with a 0.2-second block latency. This design enables the exchange to handle all orders, cancellations, trades, and liquidations on-chain. For clarity, "Hyper...
