Taking a glance at this ecosystem map, it's clear @HyperliquidX is just getting started.
Feedback has been fantastic, and shoutout to @HyperLcrgs for the updated lists (if you're not following him yet, now’s the time!).
With various sub-categories on Hyperliquid, should I dive deeper and explore further?
➥ Why You Should Focus on HyperEVM DeFi
Why pick @HyperliquidX among countless protocols and perpetual DEXs?
Or why are so many brilliant minds building on HyperEVM?
Discover the irresistible pull of the HyperEVM ecosystem in our snappy 30-second breakdown.
Let's dive in! 📖
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— There's HYPE in Hyperliquid
Hyperliquid has reimagined the DEX by developing a custom CLOB, delivering the precision and speed required for high-frequency, on-chain trading.
This innovation addresses the inefficiencies of the AMM model, particularly the infrastructure gap in derivatives trading and trading in general.
Since launch, Hyperliquid has achieved significant milestones as per data from @artemis:
✧ 75% market share in DEX Perps
✧ $1B+ TVL at ATH
✧ $250B in total trading volume (a 250x increase in under two years)
✧ 600,000+ monthly transactions per user
✧ $10M+ average monthly volume per user
✧ $HYPE outperforming Bitcoin by big margin (50% vs 35%)
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— HyperEVM + HyperCore + HyperBFT = Hyperliquid Stack
Hyperliquid is more than just a simple exchange; it's a key component of the full-stack ecosystem known as the Hyperliquid Stack, which includes:
➥ HyperBFT
HyperBFT is Hyperliquid's proprietary consensus algorithm, crafted to support high-frequency trading with exceptional security and performance:
✧ 0.1-second median latency
✧ Manages 200,000 orders/sec, scalable to 1-2 million
✧ Custom BFT consensus, inspired by HotStuff
✧ Secures both HyperCore and HyperEVM in Hyperliquid ecosystem
➥ HyperCore
HyperCore is the Layer-1 blockchain powering Hyperliquid, designed for high-performance on-chain order books, handling core trading tasks like margin, matching engine, and clearinghouse.
➥ HyperEVM
HyperEVM is an Ethereum Virtual Machine (EVM) implementation integrated directly into Hyperliquid Stacks. This enables developers to deploy and execute Ethereum-compatible smart contracts on Hyperliquid.
HyperEVM offers several unique features:
✧ Supports DeFi protocol implementations
✧ Utilizes a dual-block architecture
✧ Facilitates interchangeable assets between Hypercore and HyperEVM without the need for wrapping or IOUs
✧ Uses $HYPE as the gas token
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— HyperEVM Ecosystem
According to @hypurr_co, over 140 protocols are being developed across various categories on HyperEVM, which is impressive given HyperEVM is still in its early stages and hosts numerous tokenless projects.
Positioning yourself here offers multiple opportunities and exposure:
+ Upcoming $HYPE for ecosystem airdrops
+ Protocol tokens
+ Yield and other incentives
So, let's highlight some DeFi protocols built on HyperEVM:
➥ AMM & DEXs
✧ @HyperSwapX
✧ @KittenswapHype
✧ @hyperbloomxyz
✧ @HybraFinance
✧ @gliquidx
➥ Lending and Stablecoins
✧ @hyperlendx
✧ @liminalmoney
✧ @felixprotocol
✧ @HypurrFi
✧ @cathena_hl
✧ @HyperYieldx
✧ @HyperstableX
✧ @LambdaFinance
✧ @sentimentxyz
✧ @hyperdrivedefi
➥ LSTs
✧ @kinetiq_xyz
✧ @stakedhype
✧ @Looped_HYPE
✧ @Hyperpiexyz_io
✧ @HyperFlash_hl
➥ Vaults, Prop Trading and Derivatives
✧ @0xHyperBeat
✧ @KeikoFinance
✧ @EzPairs
✧ @TradeNeutral
✧ @opt_fun
✧ @D2_Finance
✧ @hyperpnl
➥ Trading Tools and Terminals
✧ @DefinitiveFi
✧ @GigabrainGG
✧ @silhouette_ex
✧ @KatoshiAI
➥ Asset Tokenization
✧ @hyperunit
Cont'd....

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