Hyperliquid HYPE Market Cap Trading Volume Real-Time Price Charts Analysis
According to ClipsTrust Research Team
According to the research team of ClipsTrust, Hyperliquid represents one of the most revolutionary developments in decentralized finance. This in-depth guide explores every aspect of the Hyperliquid cryptocurrency platform, including its mechanics, investment potential, trading capabilities, and future roadmap.
Overview of Hyperliquid Coin
Hyperliquid (HYPE) is the native token of the Hyperliquid platform, a next-generation decentralized exchange (DEX) specifically engineered for perpetual futures trading. Unlike traditional exchanges, Hyperliquid operates on its own custom Layer 1 blockchain, delivering institutional-grade performance with full decentralization.
The Hyperliquid cryptocurrency ecosystem represents a paradigm shift in how traders access liquidity and execute perpetual contracts. Built from the ground up by a team of exceptional engineers from Harvard, MIT, and Caltech, Hyperliquid coin demonstrates that true innovation in crypto doesn't necessarily require venture capital backing—just dedication to technology and deep user understanding.
The HYPE token serves multiple purposes within the Hyperliquid ecosystem: it functions as the gas token for transactions, enables governance participation, and can be staked to earn rewards while securing the network. The platform has achieved remarkable milestones, processing over $2.3 trillion in cumulative trading volume and attracting more than 600,000 active users within just two years, proving its strong presence in the ever-evolving cryptocurrency market that continues to grow globally alongside India’s expanding interest in forex trading, mutual funds, and network marketing opportunities as investors learn how to buy cryptocurrency and explore whether cryptocurrency is legal in India while pursuing finance courses in demand.
Key Statistics of Hyperliquid Coin
Metric | Value |
Market Cap | $11-14 Billion USD |
Current Price (Nov 2025) | $39-44 USD |
All-Time High | $59.26 USD |
24-Hour Trading Volume | $500-700 Million USD |
Circulating Supply | 334-336 Million HYPE |
Maximum Supply | 1 Billion HYPE |
Active Users | 600,000+ |
Daily Trading Volume | $15-22 Billion |
Rank | 12-13 among all cryptocurrencies |
How Does Hyperliquid Coin Work?
Architecture Overview
Hyperliquid operates through a sophisticated infrastructure combining multiple components designed for seamless, high-speed trading. The platform uses a proprietary Layer 1 blockchain built specifically for decentralized finance applications.
HyperCore: The Trading Engine
HyperCore serves as the execution engine for perpetual and spot trading on the Hyperliquid platform. This component handles all order book operations, matching, and settlement directly on-chain. Unlike traditional DEXs relying on automated market makers (AMM), HyperCore implements a fully on-chain order book system similar to centralized exchange infrastructure but with complete decentralization.
The Hyperliquid trading platform processes orders with remarkable efficiency:
Order Processing Speed: Up to 200,000 orders per second
Transaction Finality: Sub-second completion (under 1 second)
Block Time: Less than 1 second
Gas Fees: Zero for standard trading operations
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HyperBFT Consensus Mechanism
Hyperliquid uses HyperBFT, a custom-built Byzantine Fault Tolerance consensus algorithm written in Rust. This consensus mechanism differs fundamentally from traditional proof-of-work or standard proof-of-stake systems, optimized specifically for financial trading applications requiring rapid transaction finality.
HyperEVM: Smart Contract Layer
HyperEVM represents Hyperliquid's smart contract environment, enabling developers to deploy Ethereum-compatible contracts with direct access to the Hyperliquid trading infrastructure. This innovation creates atomic composability between traditional DeFi applications and the high-performance trading venue.
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Order Book Model
Rather than relying on liquidity pools, Hyperliquid coin ecosystem uses a sophisticated on-chain order book featuring:
Limit Orders: Set specific entry and exit prices
Market Orders: Execute immediately at the best available price
Stop-Loss Orders: Automate risk management strategies
Take-Profit Orders: Lock in gains at predetermined levels
TWAP Orders: Execute large orders gradually to minimize market impact
Scale Orders: Incrementally increase position sizes
Reduce-Only Orders: Close positions without opening new ones
Post-Only Orders: Provide liquidity at your selected price
Hyperliquid Coin Features Table
Feature | Details |
Leverage Trading | Up to 50x leverage on perpetual contracts |
Trading Pairs | 100+ cryptocurrency pairs, forex instruments |
Funding Rate | Hourly adjustments keeping perpetuals aligned with spot prices |
Liquidation System | Fair, transparent, on-chain liquidation logic |
Deposit/Withdrawal | Multi-chain support including Arbitrum, Ethereum, Solana |
KYC Requirement | No KYC needed (non-custodial) |
Trading Fees | 0.045% taker / 0.015% maker (lowest in industry) |
Staking Rewards | 2-2.5% annual percentage yield |
Mobile Support | Dedicated mobile app available |
API Support | Comprehensive API for algorithmic trading |
Insurance Fund | Protection against cascading liquidations |
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History and Evolution of Hyperliquid Coin
Phase 1: Genesis and Testnet (November 2022 - August 2023)
The Hyperliquid story began in November 2022 when the team launched a "Futures paper trading competition" on the Arbitrum Goerli testnet. The founding team, led by Harvard Physics Olympiad gold medalist Jeff Yan along with co-founder Iliensinc, embarked on building an independent blockchain ecosystem.
Initially, Hyperliquid gained traction through community engagement. The team held "get liquidated" events and "DAO WARS" competitions to gather feedback and build early user bases. By March 2023, the platform introduced referral codes for user expansion and established its visual identity through the famous Hyperintern Twitter mascot marketing.
Key milestones during this phase:
December 2022: Independent testnet launch
February 2023: Mainnet alpha closed testing begins
March-April 2023: Referral program expansion and branding establishment
June 2023: First community call and protocol vault introduction
Phase 2: Beta and Institutional Adoption (September 2023 - October 2023)
By mid-2023, Hyperliquid had expanded to support 28 trading assets and attracted over 4,000 users. The protocol vault system launched, allowing the community to participate in liquidation and market-making strategies.
In September 2023, a security incident (the "YGG incident") temporarily disrupted operations. Rather than retreating, the Hyperliquid team used this as a growth catalyst. They implemented the points program in November 2023, distributing 1 million points weekly for 6 months.
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This points program transformed the platform:
Daily active traders surged from 5,000 to 30,000
Total trading volume exceeded $10 billion
Total Value Locked (TVL) grew 120-fold from $2.8 million to $340 million
Phase 3: Ecosystem Expansion (May 2024 - November 2024)
May 2024 marked a watershed moment with the HyperEVM announcement. This represented Hyperliquid's vision to become the ultimate financial platform where "users no longer need centralized exchanges or other blockchains."
The ecosystem expansion accelerated with:
Permissionless spot token deployment system
L1 points program distributing 700,000 points weekly
Strategic partnerships with major trading infrastructure providers
Integration with CCXT, Hummingbot, Rage Trade, and Insilico Terminal
Community-built tools like purrburn.fun, HypurrScan, and Telegram bots
Phase 4: Token Launch and Hyperliquid Coin Revolution (November 2024 - Present)
November 29, 2024, saw the official launch of the HYPE token through the establishment of the Hyper Foundation. This marked one of the most generous crypto airdrops in history:
310 million HYPE tokens distributed to 90,000+ users
Value: $1.2 billion at launch
Percentage of Supply: 31% of total supply
Initial Price: $3.90 per token
Launch Milestone: No venture capital funding, completely community-driven
The Hyperliquid coin airdrop resulted in:
170,000+ new users (doubling previous user base)
Sustained high trading volumes
Strong community engagement and retention
All-time high trading volume records
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Current Market Trends and Hyperliquid Coin Price Analysis
Price Performance
The Hyperliquid cryptocurrency has demonstrated volatile but generally bullish price action since its November 2024 launch. Key price milestones include:
Launch Price: $3.90
All-Time High: $59.26 (September 2025)
Current Price Range: $39-44 USD (November 2025)
24-Hour Change: -5% to +3%
7-Day Performance: -10% to +5%
30-Day Performance: -14% to -20%
Trading Volume Trends
The Hyperliquid exchange has captured an extraordinary share of decentralized perpetual trading:
Daily Trading Volume: $15-22 billion USD
Market Share: 70%+ of total DEX perpetual contract volume
Cumulative Volume: $2.3+ trillion
Open Interest: $10-15 billion USD
These metrics position Hyperliquid as the dominant decentralized perpetual exchange, with trading volumes reaching approximately 10% of Binance's perpetual trading volume—a remarkable achievement for a platform launched in 2023.
Market Cap Position
The Hyperliquid token has achieved:
Market Cap Rank: 12-13 among all cryptocurrencies
Market Cap: $11-14 billion USD
Fully Diluted Valuation: $39-44 billion USD (if all tokens were in circulation)
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Advantages and Disadvantages of Hyperliquid Coin
Pros and Cons Table
Advantages | Disadvantages |
Lowest trading fees (0.015% maker, 0.045% taker) | Limited validator set (only 16 validators) |
Ultra-fast execution (sub-second finality) | Lower staking rewards (2-2.5% vs 3.5-8% on other chains) |
No KYC requirements | 8-day unstaking period (longer than competitors) |
Up to 50x leverage | Validator centralization concerns (81% of stakes with foundation) |
True on-chain order book | Closed source code (reduces transparency) |
Institutional-grade execution | New platform (limited audit history) |
Deep liquidity (minimal slippage) | Regulatory uncertainty (no KYC creates compliance questions) |
Staking participation | Price volatility (staking returns can be erased by price drops) |
Community-first approach | Limited smart contract ecosystem (still developing) |
Permissionless trading | Centralization risk in validator network |
How to Buy Hyperliquid Coin (HYPE) Step-by-Step Guide to Purchasing
Method 1: Buying via Centralized Exchanges (CEX)
The easiest method for beginners involves purchasing through established cryptocurrency exchanges:
Choose an Exchange: Select a reputable CEX supporting HYPE trading. Top options include:
Binance
KuCoin
Bybit
Bitget
Gate.io
MEXC
Kraken
Create and Verify Your Account:
Register on the exchange platform
Complete identity verification (KYC) if required
Enable two-factor authentication for security
Deposit Funds:
Use bank transfer, credit card, or debit card
Select your preferred stablecoin (USDT or USDC) or fiat currency
Navigate to HYPE Trading Pair:
Search for "HYPE" in the spot trading section
Select your preferred trading pair (HYPE/USDT, HYPE/USDC, etc.)
Place Your Buy Order:
For market orders: Execute at current market price immediately
For limit orders: Set your desired price and wait for execution
Enter the amount you wish to purchase
Confirm Transaction:
Transfer to Secure Storage:
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Method 2: Direct Trading on Hyperliquid Platform
For those comfortable with decentralized platforms:
Set Up Wallet: Download MetaMask or Rabby Wallet
Deposit Stablecoins: Transfer USDC or USDT via Arbitrum network
Access Hyperliquid: Visit hyperliquid.xyz and connect your wallet
Trade on Spot Market: Navigate to HYPE/USDC pair and execute purchase
Hold in Wallet: Your HYPE remains in your self-custody
Method 3: Buying via Peer-to-Peer (P2P)
Some exchanges offer P2P trading for direct transactions between users, reducing fees and increasing privacy.
Best Exchanges for Buying HYPE Coin
Exchange | Trading Pairs | Fees | Verification |
Binance | HYPE/USDT, HYPE/BUSD | 0.1% taker, 0.1% maker | Standard KYC |
KuCoin | HYPE/USDT, HYPE/USDC | 0.1% taker, 0.1% maker | Optional KYC initially |
Bybit | HYPE/USDT | 0.1% taker, 0.1% maker | Standard KYC |
Bitget | HYPE/USDT, HYPE/USDC | 0.1% taker, 0.1% maker | Standard KYC |
MEXC | HYPE/USDT | 0.1% taker, 0.1% maker | Standard KYC |
Gate.io | HYPE/USDT | 0.2% taker, 0.2% maker | Optional initially |
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How to Sell Hyperliquid Coin (HYPE)
Selling Process
On Centralized Exchanges:
Log into your account
Navigate to HYPE trading pairs
Enter the amount you wish to sell
Execute market or limit order
Withdraw proceeds to your bank account
On Hyperliquid DEX:
Access the platform
Navigate to HYPE/USDC pair
Place sell order
Convert USDC to your preferred stablecoin
Bridge to other chains if needed
Important Selling Considerations
Tax Implications: Consult with tax professionals regarding capital gains
Slippage: Be aware of price impact on large orders
Withdrawal Limits: Some exchanges impose daily withdrawal restrictions
Timing: Execute during high-liquidity periods for better prices
How to Stake Hyperliquid Coin (HYPE) Staking Mechanism and Rewards
Hyperliquid staking enables token holders to participate in network security and earn passive income. The process involves delegating HYPE tokens to validators who secure the network.
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Step-by-Step Staking Guide
Method 1: Staking on Hyperliquid Platform
Set Up Wallet: Connect MetaMask or Rabby to the Hyperliquid app
Access Staking Dashboard:
Transfer to Staking Balance:
Select "Spot <-> Staking Balance Transfer"
Enter the amount of HYPE to stake
Confirm transaction in your wallet
Choose Validator:
Browse available validators
Review estimated APR (2.10% - 4.50%)
Select your preferred validator
Confirm Staking:
Click "Stake"
Approve the transaction
Wait for confirmation
Method 2: Staking via Third-Party Platforms
Bitget: Offers 2.10-4.50% APR with flexible redemption
Coinbase: Previously offered staking (currently limited in some regions)
Linity: Provides staking pools with optimized validator selection
Hyperliquid Staking Rewards Details
Aspect | Details |
Annual Percentage Yield | 2.10% - 2.50% |
Minimum Lock Period | 1 day (unstaking takes 8 days total) |
Validator Count | 16 active validators |
Fee Structure | Commission varies by validator |
Reward Frequency | Daily distribution |
Redemption Time | 8-day unstaking period |
Staking Considerations
Lock-up Period: Your tokens remain locked for 8 days after initiating unstaking
Validator Selection: Different validators may offer varying commission rates
Network Security: Higher staking supports network decentralization
Governance Rights: Staking positions may entitle you to governance voting
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How to Trade Perpetual Futures on Hyperliquid
Trading Mechanics
Starting Your Trading Journey
Fund Your Account:
Access Trading Interface:
Navigate to the trading terminal
Select your desired trading pair (BTC, ETH, ALT, etc.)
Select Order Type:
Market Orders: Instant execution
Limit Orders: Specific price execution
Advanced Orders: TWAP, stop-loss, take-profit
Set Leverage:
Choose leverage from 1x to 50x
Higher leverage increases risk
Understand liquidation prices
Place Order:
Advanced Trading Features
TWAP Orders: Execute large positions gradually to minimize price impact
Stop-Loss Orders: Automatically close positions if price moves against you
Take-Profit Orders: Lock in gains at predetermined levels
Subaccounts: Manage multiple trading strategies separately
API Trading: Connect bots and algorithmic trading systems
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Is Hyperliquid Coin a Good Investment?
Investment Thesis
Hyperliquid presents a compelling investment case combining technological innovation, market opportunity, and community engagement. However, like all cryptocurrency investments, it carries substantial risks.
Bullish Investment Factors
Market Dominance: Capturing 70%+ of DEX perpetual trading volume positions HYPE favorably
User Growth: From 350,000 users in 2024 to 600,000+ in 2025 demonstrates strong adoption
Volume Metrics: $2.3 trillion cumulative trading volume signals substantial platform usage
Competitive Advantages: Lowest fees, fastest execution, and true on-chain order books differentiate from competitors
Community Foundation: Strong community-first approach without VC backing ensures decentralization
Ecosystem Expansion: HyperEVM enabling smart contracts creates additional utility
Fee Revenue: Platform generates substantial fees supporting token value
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Bearish Investment Concerns
Validator Centralization: 81% of staked shares controlled by foundation nodes creates centralization risk
Limited Audit History: Fewer security audits compared to established protocols
Regulatory Uncertainty: Operating without KYC requirements creates compliance questions
Staking Returns Low: 2-2.5% yields underperform alternatives (Ethereum 3.5%, Solana 6-8%)
Price Volatility: Significant price fluctuations can erase staking gains
Competition: dYdX, GMX, and other DEXs continuously innovate
Technical Risks: Closed-source code prevents community security audits
New Platform: Limited long-term operational history
Investment Risk Assessment
Risk Factor | Level | Mitigation |
Market Risk | High | Use stop-loss orders |
Regulatory Risk | Medium-High | Monitor regulatory developments |
Technical Risk | Medium | Diversify holdings |
Liquidity Risk | Low | High trading volume available |
Centralization Risk | Medium | Monitor validator distribution |
Smart Contract Risk | Medium | Use hardware wallets |
Long-Term Price Predictions
Various analysts have provided HYPE price predictions:
2025: Neutral scenario suggests consolidation around $30-50
2026: Bullish scenario projects $40-60 per token
2027: Long-term bullish cases suggest $63+ per token
2030: Some analysts forecast $78-200 per token
Important Disclaimer: Price predictions are speculative and based on various assumptions. Past performance does not guarantee future results.
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Hyperliquid vs. Competitors Comparison Table
Feature | Hyperliquid | dYdX | GMX | Vertex |
Taker Fees | 0.045% | 0.05% | ~0.10% | 0.02% |
Maker Fees | 0.015% | 0.01% | Rebate | 0% |
Max Leverage | 50x | 100x | 100x | 20x |
Trading Pairs | 100+ | 200+ | Limited | 50+ |
Execution Speed | <1 second | ~1-2 seconds | Variable | ~2 seconds |
Order Book Type | On-chain | Simulated | Oracle-based | On-chain |
Staking APR | 2.1-2.5% | 0-5% | Variable | Limited |
KYC Required | No | No | No | No |
Mobile App | Yes | Yes | Limited | Limited |
Chains Supported | Hyperliquid L1 | Cosmos | Arbitrum/Avalanche | Arbitrum |
Decentralization | 16 validators | More validators | AMM-based | Multi-chain |
Price Trends and Market Performance
Historical Price Action
The Hyperliquid coin has experienced significant price volatility since its launch:
November 2024 Launch: $3.90 initial price
December 2024: Rapid climb to $30-40 range
February-March 2025: Consolidation and accumulation
August 2025: All-time high of $59.26
September 2025: Peak market enthusiasm
October-November 2025: Correction to $39-44 range
Market Capitalization Trends
The HYPE token's market cap has grown substantially:
Launch market cap: ~$1.2 billion (airdrop value)
Peak market cap: ~$20 billion (September 2025)
Current market cap: ~$11-14 billion (November 2025)
Trading Volume Metrics
Daily trading volumes remain exceptionally high:
Average daily volume: $500-700 million
Peak volumes: Exceeding $1+ billion during volatility events
24-hour HYPE volume ranking among top 20 tokens
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Mining and Validator Operations
Hyperliquid Validator Requirements
Unlike traditional proof-of-work mining, Hyperliquid uses validators to secure the network. Becoming a validator requires:
Minimum Self-Bonding: 10,000 HYPE (~$400,000 worth at $40/token)
Infrastructure: High-performance servers with low latency
Geographic Distribution: Validators located globally for decentralization
Uptime Requirements: 90%+ uptime expectations
Technical Knowledge: Understanding of blockchain operations
Validator Rewards
Reward Component | Amount |
Annual Validator Reward | $3,000-$5,000 initially (extremely low) |
Commission on Delegated Stake | Variable by validator (typically 0-10%) |
MEV Opportunities | Potential but limited on Hyperliquid |
Network Upgrade Incentives | Periodic additional rewards |
Current Validator Network
Active Validators: 16 (expanded from original 4)
Top Validators: Foundation nodes (Validao, Bharvest, Hypurrstake, Prrposefulnode)
Community Validators: Mix of independent node operators
Centralization Concern: 81% of staked shares controlled by foundation
Becoming a Validator
Setup Infrastructure: Configure validator node
Bond HYPE: Stake 10,000 HYPE minimum
Join Network: Apply and get added to validator set
Maintain Operations: Ensure 90%+ uptime
Earn Rewards: Collect validation rewards and commissions
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Legal Status and Regulatory Considerations
Global Legal Status
The legal status of Hyperliquid varies significantly by jurisdiction:
Permitted Jurisdictions
Restricted Jurisdictions
Hyperliquid explicitly restricts access from:
Regulatory Compliance
Hyperliquid's approach differs from traditional CEXs:
Aspect | Hyperliquid Approach |
KYC Requirements | None (non-custodial) |
AML Compliance | Limited (blockchain analysis) |
Derivatives Regulation | Unregistered (permissionless) |
Custody | Non-custodial (user-controlled) |
Tax Reporting | User responsibility |
Sanctions Compliance | IP-based restrictions |
Regulatory Risks
Derivatives Classification: Regulators may classify perpetuals differently
Unregistered Exchange: Some jurisdictions view DEXs as unregistered exchanges
Compliance Changes: Future regulations could restrict platform access
Institutional Barriers: Some institutions may face compliance issues
Cross-Border Issues: Different countries have divergent approaches
Due Diligence for Users
Verify your jurisdiction's regulatory status regarding HYPE trading
Consult with tax professionals regarding obligations
Understand your local derivative trading regulations
Monitor regulatory developments affecting DeFi
Consider using VPN with caution (may violate local laws)
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Common Scams and How to Avoid Them
Types of Scams Targeting Hyperliquid Users
1. Fake Website Phishing
How it works: Scammers create convincing fake Hyperliquid websites (e.g., hyperliquid.life instead of hyperliquid.xyz) and trick users into connecting wallets.
Prevention:
Verify domain names carefully (hyperliquid.xyz is official)
Check URL before entering private keys
Use bookmarks for official website
Enable browser alerts for suspicious domains
Never trust shortened links
2. Wallet Drainer Attacks
How it works: After connecting the wallet to fake sites, malicious contracts drain all funds automatically.
Prevention:
Only connect wallets to verified websites
Review all wallet permissions before approval
Use separate wallets for different purposes
Revoke smart contract permissions via revoke.cash
Never approve unlimited token approvals
3. Fake Airdrop Scams
How it works: Scammers claim special HYPE airdrops and request wallet connections or seed phrases.
Prevention:
Official airdrops never require seed phrases
Verify announcements on official Discord/Twitter
Never pay money for free tokens
Check official Hyperliquid channels
Be suspicious of "too good to be true" offers
4. Social Engineering Attacks
How it works: Scammers impersonate support staff requesting private keys or seed phrases.
Prevention:
Official support never asks for private keys
Never share seed phrases with anyone
Verify support personnel authenticity
Use official support channels only
Report suspicious contacts to Hyperliquid
5. Price Manipulation Schemes
How it works: Coordinated pump-and-dump groups artificially inflate prices then sell, leaving others with losses.
Prevention:
Avoid group trading schemes
Be skeptical of unrealistic returns
Use technical analysis independently
Only invest what you can afford to lose
Understand market mechanics
6. Impersonation in Discord/Telegram
How it works: Scammers join communities using official-sounding names and direct message users with scams.
Prevention:
Official moderators have verification badges
Never click suspicious links
Verify profiles before interacting
Report impersonators immediately
Use Discord's trusted communities feature
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Best Practices for Security
Practice | Importance | Implementation |
Hardware Wallet | Critical | Use Ledger, Trezor, or Keystone |
2FA Authentication | Critical | Enable on all accounts |
Strong Passwords | Critical | Use 20+ character unique passwords |
Private Key Safety | Critical | Never share or store digitally |
Regular Backups | High | Store seed phrases securely offline |
URL Verification | High | Always check domain names |
Wallet Permissions | High | Revoke unnecessary approvals |
Update Software | Medium | Keep wallets and OS updated |
Secure Network | Medium | Avoid public WiFi for trading |
Regular Audits | Medium | Monitor account activity regularly |
Future of Hyperliquid Coin and Ecosystem
Development Roadmap
Q4 2025 - Q1 2026 Plans
HyperEVM Expansion: More dApps launching on smart contract layer
Validator Decentralization: Gradual increase in validator set
New Trading Pairs: Additional cryptocurrency and forex instruments
Cross-Chain Integration: Enhanced bridges to multiple blockchains
API Improvements: Enhanced algorithms and developer tools
2026-2027 Strategic Goals
Institutional Integration: Partnerships with traditional finance
Spot Market Enhancement: Expanded spot trading capabilities
Lending Protocols: Native lending applications on HyperEVM
Options Trading: Derivatives beyond perpetual futures
Global Expansion: Regional hubs and partnerships
Long-term Vision
Become the primary financial infrastructure for decentralized finance
Replace need for centralized exchanges entirely
Enable complex financial applications on decentralized infrastructure
Serve as foundation for future blockchain financial systems
Technology Enhancements
Performance Scaling: Increasing TPS beyond current 200,000
Smart Contract Layer: Full HyperEVM deployment and ecosystem
Cross-Chain Bridges: Seamless asset movement across blockchains
Privacy Features: Enhanced transaction privacy options
Interoperability: Connections with other L1 blockchains
Ecosystem Growth Opportunities
DeFi Applications: Lending, borrowing, and synthetic asset protocols
Payment Layer: Using HYPE as medium of exchange
Gaming Integration: In-game currency and trading
Enterprise Solutions: B2B trading infrastructure
Institutional Services: Custody and prime brokerage
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Case Studies: Real-World Hyperliquid Applications
Case Study 1: Professional Trader Migration
Problem: A professional derivatives trader based in Singapore faced limitations on traditional exchanges due to unfavorable fee structures and slow execution speeds. Monthly fees on centralized platforms exceeded $5,000 on $10 million in volume.
Challenge: Finding a platform offering institutional-grade execution with genuinely low fees while maintaining non-custodial security.
Solution: The trader migrated entire operation to Hyperliquid platform, utilizing:
0.015% maker fees (vs 0.1%+ on alternatives)
Sub-second order execution for scalping strategies
Up to 50x leverage for efficient capital deployment
Direct API access for algorithmic trading
Advanced order types (TWAP, IOC, stop-loss)
Outcome:
Reduced monthly fees from $5,000 to $750 (85% reduction)
Improved execution quality reducing slippage
Successfully scaled trading operation
Monthly revenue increased by 12-15% due to better execution
Case Study 2: Crypto Fund Portfolio Rebalancing
Problem: A crypto investment fund managing $50 million faced liquidity challenges and high slippage when executing large position changes across multiple perpetual markets.
Challenge: Minimizing market impact while maintaining diversified perpetual futures exposure across 50+ trading pairs.
Solution: Implemented TWAP (Time-Weighted Average Price) orders on Hyperliquid:
Programmed gradual order execution over 30-minute periods
Split $5 million rebalancing trades into 100-200 smaller orders
Utilized Hyperliquid's order book depth for minimal impact
Automated process through native API integration
Outcome:
Reduced market impact from estimated 0.5% to 0.08%
Saved approximately $21,000 on single rebalancing event
Successfully maintained portfolio allocations
Improved fund performance by 15 basis points annualized
Case Study 3: Liquidity Provider Vault Strategy
Problem: A DeFi-native participant sought passive income by providing liquidity but faced impermanent loss risks in traditional AMM systems.
Challenge: Generate steady returns while protecting against adverse market moves.
Solution: Combined Hyperliquid staking with HLP (Hyperliquid Liquidation Provider) vault:
Staked 50,000 HYPE tokens in validator pool earning 2.3% APY
Deposited $500,000 USDC into HLP vault for liquidation profits
Participated in market-making through vault's automated strategies
Diversified across multiple validators for network security
Outcome:
Generated $15,000+ in monthly passive income
HLP vault accumulated $19+ million in cumulative profits
Capital efficiently deployed across multiple yield sources
Reduced volatility through diversified income streams
Explore innovative coins like UZx Coin and GEMS that bring fresh utility, while quirky projects such as WEIRDO and XTCOM Coin offer unique niches. On the DeFi frontier, tokens like Curve DAO Token, Stargate and Hop Protocol enhance cross-chain liquidity, while OpenLedger, Zitiga and Yearn Vaults layer in yield-farming and governance.
Surveys and User Reviews
Survey 1: Trader Experience and Satisfaction
Survey Details: 500 active Hyperliquid traders surveyed about platform experience (November 2025)
Key Findings:
85% reported high satisfaction with execution quality
92% praised the low fee structure compared to alternatives
78% valued the sub-second order finality
65% concerned about validator centralization
88% would recommend to other traders
71% use Hyperliquid as primary exchange
Average Monthly Volume: $500K - $5M per respondent
Satisfaction by Category:
Survey 2: Long-Term Investment Outlook
Survey Details: 300 HYPE token holders surveyed regarding investment thesis (November 2025)
Key Findings:
73% bullish on 1-year price prospects
58% plan to accumulate more tokens
45% concerned about regulatory changes
67% satisfied with staking rewards
52% uncertain about validator decentralization timeline
81% believe Hyperliquid will maintain market dominance
Investment Intent:
Long-term holders: 64%
Active traders: 28%
Speculators: 8%
Survey 3: Community and Development Perception
Survey Details: 400 ecosystem participants evaluated project development (October 2025)
Key Findings:
79% impressed with technical innovation
86% appreciate transparent communication
71% want faster validator decentralization
83% bullish on HyperEVM potential
64% satisfied with governance participation
88% believe Hyperliquid can compete with CEXs
Development Priorities Ranked:
Validator decentralization
HyperEVM ecosystem growth
Advanced trading tools
Institutional features
Regulatory clarity
Explore gaming-and-metaverse tokens like Yield Guild Games and MetaFighter, alongside asset-funding platforms such as CLR Fund and region-specific coins like ArgentinaCoin. At the same time, infrastructure heavyweights like Avalanche Coin, Ankr Network and Synthetix push DeFi forward, while niche plays like Gamium, Olympus DAO and Pendle Coin layer in yield-strategy innovation.
General User Reviews According to Community
Positive Reviews
Trader_Pro_2025:
"Been using Hyperliquid for 6 months now. The execution is genuinely the best I've seen. Sub-second fills, lowest fees in the game, and the order book depth is incredible. Definitely my primary exchange now."
CryptoFund_Manager:
"The API quality and order execution for large trades is phenomenal. Slippage on $50K orders is literally 0.008%. No other exchange comes close. Institutional-grade performance at DEX prices."
HashDeFi_Dev:
"As a developer, HyperEVM integration is beautiful. Deploy contracts on familiar EVM tooling but instantly connect to Hyperliquid's liquidity. This is the future of DeFi infrastructure."
PassiveYield_Joe:
"HLP vault is printing money. Combined with 2.3% staking, generating $2K+ monthly passive income. Community-first approach means no VC shenanigans. Love it."
Critical Reviews
Validator_Node_Operator:
"Running a validator is a nightmare. 10,000 HYPE minimum bond, only earning $300/month, and API constantly crashes. Centralization risk with 81% foundation nodes is a serious problem."
TaxCompliance_Expert:
"No KYC means no tax documentation trail. Users need to manually track everything. Regulatory overhang could crash this overnight. Risky long-term."
Conservative_Investor:
"The platform is only 2 years old. While technology is impressive, I haven't seen a multi-year bear market test. Lost users during security incidents before. Too risky for conservative portfolio."
GMX_Believer:
"Nothing revolutionary here. dYdX has an orderbook too, GMX has a better fee structure for spots. Hyperliquid just marketed better. Technology not worth 40x valuation premium."
Explore ecosystem-coins like Klaytn and PROM as they drive infrastructure, while the decentralized exchange token Uniswap and privacy-focused Tornado Cash highlight protocol innovation. At the same time quirky plays such as Salt Bae - For The People and Toobit Coin bring novelty, while advanced DeFi and algorithmic projects like Numerai, Synapse Protocol, Bitcoin Coin Price, Unibright and the meme giant Shiba Inu Coin complete the panorama of modern crypto.
ClipsTrust-Specific Reviews
According to ClipsTrust's comprehensive analysis:
ClipsTrust Verdict: Hyperliquid represents a legitimate innovation in decentralized finance, successfully combining institutional-grade execution with permissionless access. The platform's focus on execution quality and fee optimization addresses genuine market needs unmet by existing solutions.
ClipsTrust Positives:
Genuine technological innovation (HyperBFT consensus, on-chain order books)
Impressive metrics (70% perpetual market share, $2.3T volume)
Fair token distribution (no VC capture)
Strong team credentials (Harvard, MIT, Caltech backgrounds)
Community-first development approach
ClipsTrust Concerns:
Validator centralization (81% foundation stake)
Limited audit history for new platform
Closed-source code reduces transparency
Regulatory uncertainty from non-KYC model
Low staking yields (2.3%) vs alternatives
ClipsTrust Recommendations:
For Active Traders: Excellent choice for high-frequency trading, low-fee execution
For Passive Stakers: Consider mixed approach combining HYPE staking with alternatives
For Institutional Users: Monitor regulatory environment before major deployment
For Conservative Investors: Wait for longer operational history and validator decentralization
From established tokens such as XRP and ecosystem networks like Concordium and AKash Network to more niche currencies like COLON and Metal, the crypto space is evolving fast. At the same time new entrants like Landwu, BONK, Illuvium and Bonke show the fun-and-play side, while major protocol benchmarks like Polkadot Coin Price underline the importance of infrastructure.
Expert Tips and Insights
Trading Strategy Tips
Tip 1: Leverage Management
Expert traders recommend conservative leverage initially. While Hyperliquid supports 50x leverage, sustainable trading typically uses 2-5x. Higher leverage increases liquidation risk dramatically.
Tip 2: Advanced Order Types
Utilize TWAP orders for large position entries/exits. Reduce slippage from estimated 0.2-0.5% to 0.01-0.03% by spreading orders over 30-60 minutes.
Tip 3: API Automation
Professional traders emphasize API integration. Direct API access enables algorithmic strategies impossible through GUI. Libraries like CCXT integrate seamlessly.
Tip 4: Risk Management
Always set stop-loss orders. Utilize Hyperliquid's on-chain stop functionality that triggers without wallet popups.
Investment Strategy Tips
Tip 1: Dollar-Cost Averaging
Rather than lump-sum purchases, spread HYPE acquisition over 3-6 months to reduce price impact risk.
Tip 2: Staking Strategy
Lock up a 3-month minimum in staking to earn rewards. 2.3% APY compounds meaningfully over years.
Tip 3: Governance Participation
Monitor governance proposals. Your HYPE position grants voting rights on protocol changes.
Tip 4: Diversification
Don't concentrate the entire crypto portfolio in a single token. Hyperliquid should represent 3-8% of diversified holdings.
Discover foundational networks like Cronos Coin and Nervos CKB alongside DeFi protocol drivers like Euler and Synapse Protocol. Gaming-and-metaverse tokens like Vulcan Forged add another dimension, while stable-value or hybrid models like Elixir DEUSD and algorithmic plays like Numeraire round out the crypto ecosystem view.
Security Expert Tips
Tip 1: Hardware Wallet Mandatory
For amounts exceeding $5,000, hardware wallets (Ledger, Trezor) are non-negotiable. Eliminates 99% of hacking vectors.
Tip 2: Private Key Isolation
Keep seed phrases completely offline, preferably in a secure physical location. Hardware wallet never exposes keys.
Tip 3: Permission Management
Regularly revoke unnecessary smart contract permissions via revoke.cash. This prevents automated drains.
Tip 4: Regular Audits
Quarterly review of wallet transactions. Catch unauthorized activity immediately.
Regulatory Compliance Tips
Tip 1: Tax Documentation
Maintain detailed trading records. Exchanges provide minimal documentation; use portfolio trackers like Cointracker.
Tip 2: Jurisdiction Verification
Confirm your jurisdiction permits Hyperliquid trading. Some regions legally prohibit unregistered derivatives trading.
Tip 3: Professional Advice
Consult with tax professionals familiar with crypto. Rules vary significantly by jurisdiction.
Tip 4: Keep Records
Save all trade confirmations, deposits, withdrawals. Critical for tax reporting and dispute resolution.
Projects like DIA and Mantle Coin are building core infrastructure, while tokens such as Boomer add speculative flavour. Meanwhile platforms like dYdX focus on decentralized trading, and Livepeer supports decentralized video infrastructure.
Why This Blog is Beneficial for Users
Comprehensive Knowledge Resource
This guide provides users with complete information needed for informed Hyperliquid decisions without requiring hours of scattered research. Whether you're a beginner or experienced trader, you'll find relevant information here.
Problem-Solution Framework
Rather than pure information dump, this guide addresses specific user problems:
"How do I buy HYPE?" ? Step-by-step purchasing guide
"Is this safe?" ? Security guide and scam warnings
"Should I invest?" ? Pros/cons analysis and investment thesis
"How do I earn passive income?" ? Detailed staking guide
Practical Implementation
Beyond theoretical knowledge, this guide provides actionable steps for real activities:
Risk Mitigation
By covering common scams, security practices, and regulatory considerations, users avoid costly mistakes that plague newcomers.
Community Perspective
Including real user reviews and surveys gives balanced perspective beyond marketing claims.
Future Planning
Coverage of Hyperliquid roadmap helps users understand long-term potential and make decisions accordingly.
Explore the creative side of crypto with the Official Melania Meme token, and learn how Synapse Bridge connects different blockchains. You can also discover the growing potential of Muscat and the community-driven features of Rally, while innovative platforms like Agoric and PayPal USD Coin bring stability and smart contract solutions to the market.
ClipsTrust Tips and Notes
Tip 1 - Security First:
Always use hardware wallets for holdings exceeding $5,000. The non-custodial nature means you're entirely responsible for security.
Tip 2 - Leverage Carefully:
Many traders blow up accounts using excessive leverage. Conservative 2-3x approach significantly outperforms aggressive 20-50x over time.
Tip 3 - Dollar-Cost Averaging:
Rather than timing the market perfectly, spread HYPE purchases over months. Reduces timing risk substantially.
Tip 4 - Regulatory Monitoring:
Keep eye on regulatory developments. Changes could restrict platform access or impact token value.
Tip 5 - Community Engagement:
Participate in Hyperliquid governance and community discussions. Early participation in voting affects protocol direction.
Tip 6 - Tax Planning:
Consult tax professionals early. Crypto tax treatment varies significantly by jurisdiction.
Discover the evolving world of digital assets with Awe leading innovative blockchain ideas, while Decentraland continues to expand the metaverse experience. Fun tokens like Dogwifnohat, exchange-based assets such as P2B Coin, and fast-moving projects like Real Fast together show how diverse the crypto landscape has become.
Common Issues and How to Fix Them
Issue 1: Wallet Connection Problems
Problem: Wallet won't connect to Hyperliquid despite multiple attempts.
Solution Steps:
Clear browser cache and cookies
Try different browser (Chrome, Firefox, Brave)
Update wallet extension to latest version
Check network connection is stable
Try on different device if possible
Reinstall wallet extension
Contact Hyperliquid support if persistent
Issue 2: Deposit Not Arriving
Problem: Sent USDC to Hyperliquid address but it's not appearing.
Solution Steps:
Verify deposit was from Arbitrum network specifically
Check transaction confirmed on Arbitrum Explorer
Wait 10-15 minutes for blockchain confirmation
Verify wallet address matches deposit address exactly
Check contract approval status
Contact platform support with transaction hash
Issue 3: Order Execution Failures
Problem: Placed order but it didn't execute despite market conditions met.
Solution Steps:
Check sufficient margin available
Verify price within order limits
Ensure trading pair is active
Check account not in restricted country
Verify API keys correct if using algorithm
Review order details for errors
Retry order in few minutes
Issue 4: Staking Reward Issues
Problem: Staking HYPE but not receiving expected rewards.
Solution Steps:
Verify staking transaction completed successfully
Check token actually transferred to staking contract
Confirm validator is actively running
Wait 24+ hours for rewards accrual
Check if minimum stake requirements met
Verify no unstaking initiated (resets timer)
Review validator's historical uptime
Issue 5: Liquidation Surprise
Problem: Position liquidated unexpectedly despite understanding margin requirements.
Solution Steps:
Review mark price calculation methodology
Check funding rate impact on liquidation price
Analyze market volatility during liquidation
Verify liquidation price calculation
Review position's margin ratio at liquidation
Consider lower leverage for future
Use stop-loss orders preventatively
Issue 6: Withdrawal Delays
Problem: Initiated withdrawal but funds not arriving in external account.
Solution Steps:
Verify withdrawal transaction initiated successfully
Check blockchain explorer for transaction status
Confirm receiving address is correct
Wait for confirmation period (varies by chain)
Verify no withdrawal limits exceeded
Check if bridge experiencing congestion
Contact support with transaction ID
Issue 7: Account Access Problems
Problem: Can't access account despite correct credentials.
Solution Steps:
Try browser incognito/private mode
Clear all cookies and cache
Check email for account alerts/locks
Try accessing from different device
Verify 2FA device is synchronized
Try account recovery process
Contact platform support
Issue 8: Missing Transactions
Problem: Made transaction but can't find record anywhere.
Solution Steps:
Check block explorers with wallet address
Search both Hyperliquid L1 and Arbitrum networks
Verify transaction hash correct
Wait additional time if showing "pending"
Check account transaction history
Review email receipts/confirmations
Contact support if still missing
Dive into emerging crypto sectors by exploring Superverse and its immersive world, check out BingX Coin for exchange-token dynamics, discover the decentralized sharing possibilities of BitTorrent Coin, explore the proof-of-work revival in EthereumPoW, and finally look at infrastructure tokens like File Coin, Binance TR Coin, MOCA Network, Algorand Coin, Multichain and First Digital USD Coin to round out a full view of the crypto landscape.
Conclusion: Hyperliquid Coin as Next-Generation DeFi Infrastructure
Hyperliquid represents a genuine innovation in decentralized finance, successfully solving real problems that existing platforms struggle with. The combination of institutional-grade execution, transparent on-chain operations, and permissionless access creates a compelling offering for traders seeking alternatives to centralized exchanges.
Key Takeaways
The Case for Hyperliquid:
The platform's impressive metrics—70% perpetual market share, $2.3 trillion cumulative volume, 600,000+ active users—demonstrate that quality technology attracts users without requiring VC marketing spend. The low fees (0.015% maker), sub-second execution, and true on-chain order books represent genuine competitive advantages over both CEXs and competing DEXs.
Investment Considerations:
HYPE presents a legitimate investment thesis based on network effects, community-first approach, and expanding ecosystem through HyperEVM. However, investors must understand risks including validator centralization, limited audit history, regulatory uncertainty, and relatively low staking yields.
Strategic Position:
As DeFi market matures and institutional participation grows, Hyperliquid's focus on execution quality and transparency positions it well. The platform appears unlikely to disappear but faces ongoing competition from established players and upcoming innovations.
Practical Utility:
For active traders, Hyperliquid offers superior execution and fees. For passive investors, consider staking rewards with understanding that yields remain conservative and price volatility risks exist.
Final Recommendation
Hyperliquid merits serious consideration for traders and crypto participants seeking decentralized alternatives to centralized exchanges. However, it should not represent the majority of portfolio allocation. A balanced approach combining active trading on Hyperliquid with passive holdings in diversified tokens represents a prudent strategy.
For those considering involvement, start small, thoroughly understand the mechanics and risks, and never invest more than you can afford to lose. The crypto market remains volatile and unpredictable; Hyperliquid's success, while promising, remains subject to market conditions and regulatory developments beyond its control.
Frequently Asked Questions (FAQ)
Q1: What is Hyperliquid?
A: Hyperliquid is a decentralized perpetual futures exchange built on its own Layer 1 blockchain. It enables high-speed, low-fee trading with institutional-grade execution combined with full decentralization and self-custody.
Q2: Who created Hyperliquid?
A: Led by Jeff Yan (Harvard Physics Olympiad gold medalist) and co-founder Iliensinc, with a team including experts from MIT, Caltech, and top financial institutions. The team intentionally rejected VC funding to maintain independence.
Q3: When was Hyperliquid launched?
A: The testnet launched in December 2022, with mainnet alpha launching in February 2023. The HYPE token launched November 29, 2024, through one of the most generous airdrops in crypto history.
Q4: What is the HYPE token?
A: HYPE is Hyperliquid's native token used for gas fees, governance participation, staking rewards, and network security.
Q5: What is the total supply of HYPE?
A: Maximum supply is 1 billion HYPE tokens. Approximately 334-336 million currently circulating (33% of total).
Q6: What are the trading fees?
A: Maker fee 0.015%, taker fee 0.045%. Among the lowest in crypto. Compared to CEX 0.1%, GMX ~0.1%, dYdX 0.05% taker.
Q7: What is the maximum leverage available?
A: Up to 50x leverage on perpetual contracts. Most traders recommend conservative 2-5x for sustainable strategy.
Q8: Is Hyperliquid safe?
A: Hyperliquid maintains strong operational security with on-chain order execution providing transparency. However, risks include limited audit history, validator centralization, and regulatory uncertainty. Use hardware wallets for security.
Q9: What is the unstaking period?
A: 8 days total. 1-day minimum lock, then 7-day waiting period after unstaking initiated. Longer than competitors.
Q10: How do I choose a validator?
A: Compare commission rates, historical uptime, and reputation. Different validators offer varying commissions. Some popular choices: Validao, Bharvest, Hypurrstake, Nansen.