Hyperliquid is a high-performance Layer 1 blockchain native token designed specifically for high-performance decentralized finance (DeFi). This blockchain features a fully on-chain order book perpetual contract exchange, providing instant trading speeds comparable to centralized exchanges (CEXs) (up to 100,000 TPS) while maintaining complete decentralization. It utilizes the HYPE token for network governance, transaction fee payments, and enhanced security.