Launched in 2023, Hyperliquid is one of the hottest projects in crypto. Jeff Yan, a former crypto trader who went to Harvard, teamed up with a handful of employees to design a decentralized exchange as well as a blockchain that powers the trading platform. They initially optimized Hyperliquid for crypto perpetuals, or “perps,” which are derivatives that let traders bet on the future price of assets without holding the assets themselves.
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