What is Hyperliquid? Its own blockchain, the HYPE token and access from Germany

Hyperliquid is a trading platform for crypto assets that keeps its order book not on a company server but on its own layer-1 blockchain. Every order, every cancellation, every fill and every liquidation is recorded there as a transaction in a block. The matching token is called HYPE and stood at $81.42 around midday on October 21, 2026, which puts Hyperliquid 11th among all crypto assets with a market value of $18.12 billion. For how the price has moved since, see our Hyperliquid price prediction.