Why on Hyperliquid?

Until now, there hasn’t been a DEX Perp that allows pure trading comparable to a CEX, as opposed to arbitrage or airdrop farming. On existing DEX Perps, the typical fee is around 0.1%. If you trade once a day with 1x leverage, this translates to an annual cost of: 1 - (1 - 0.001) ** 365 ≈ 30% in fees. How many traders can actually take home a profit under such conditions? In reality, additional costs such as slippage and funding fees for maintaining positions can drive the costs even higher.

Looking ahead, HyperEVM, which enables on-chain interaction with the HyperLiquid L1, is set to launch. HyperEVM will be the first chain capable of handling DEXs on par with CEXs, and it is expected to give rise to numerous innovative products, including HiveFi, that were impossible to achieve on traditional chains’ DEX Perps.