Hyperliquid (HYPE): Binance Onchain? Apakah Layak Hold? | Indonesia

Summary

HyperLiquid is an innovative Layer 1 blockchain designed for high-performance trading with low latency, supporting 100,000 transactions per second, and scalable to millions. It combines decentralized finance (DeFi) features with centralized exchange-like speed and liquidity. The platform’s key offerings include perpetual futures and spot trading, enhanced by HyperLiquid’s custom consensus mechanism, HyperBFT, and HyperEVM for seamless integration with ERC-20 tokens. With rapid growth, a vibrant community, and a planned token launch (Hype), it’s positioning itself as a leading decentralized exchange (DEX) with the potential for future staking and governance features.

Takeaways

• 😀 HyperLiquid is a high-performance decentralized exchange (DEX) built on a Layer 1 blockchain designed for ultra-fast trading with up to 100,000 transactions per second (TPS) and scalable to millions of TPS.
• 😀 The platform enables real-time trading with sub-second latency and offers both spot and perpetual futures markets, giving users an experience similar to centralized exchanges (CEX) like Binance.
• 😀 HyperLiquid has seen significant adoption, with a 24-hour trading volume exceeding $6 billion and an all-time high open interest close to $2 billion, making it one of the dominant DEX platforms.
• 😀 The platform was founded by Jeff Y and Alian Sink, both with strong backgrounds in traditional finance and crypto, including high-frequency trading (HFT) experience.
• 😀 HyperLiquid’s technology leverages a custom consensus mechanism called HyperBFT, which supports up to 2 million transactions per second (TPS), ensuring high scalability.
• 😀 HyperEVM is a key feature, enabling the trading of ERC20 tokens directly on the platform, with seamless integration into dApps built on HyperLiquid's blockchain.
• 😀 HyperLiquid’s liquidity provider program (HLP) allows users to deposit USDC and earn trading fees, with annual yields reaching 22.56%.
• 😀 The platform is transitioning toward decentralization, moving from an initial setup of four colocated validators to plans for over 40 distributed global validators for improved decentralization.
• 😀 HyperLiquid’s upcoming token, Hype, will be used for staking, governance, and rewarding liquidity providers, with an expected launch creating significant demand among users.
• 😀 The platform has shown strong community engagement and adoption even after the end of the farming season, suggesting that users value the platform beyond its incentives and airdrops.

Q & A

What is Hyper Liquid and what makes it different from other decentralized exchanges?

Hyper Liquid is a high-performance Layer 1 blockchain designed for decentralized trading. Unlike traditional decentralized exchanges (DEXs), it offers scalable transaction speeds of up to 100,000 transactions per second with potential for millions, as well as sub-second latency. This makes it more efficient, comparable to centralized exchanges like Binance, but with the benefits of decentralization.

How does Hyper Liquid handle scalability and transaction throughput?

Hyper Liquid uses a custom-built consensus mechanism called **Hyper BFT** that allows for up to 2 million transactions per second. This high scalability is achieved through its Layer 1 blockchain, which ensures fast, secure, and efficient transactions, even during periods of high network demand.

What is Hyper EVM, and how does it benefit traders on Hyper Liquid?

Hyper EVM is Hyper Liquid’s Ethereum Virtual Machine-compatible layer. It enables the platform to support ERC-20 tokens, allowing users to trade Ethereum-based tokens directly on the Hyper Liquid order book. This compatibility makes it easier for traders familiar with Ethereum to transition to Hyper Liquid while benefiting from its fast and low-latency transactions.

What kind of liquidity options does Hyper Liquid offer?

Hyper Liquid offers a **Liquidity Provider** program called **HLP**. Users can deposit assets like USDC to provide liquidity to the platform, earning a share of the trading fees generated. This incentivizes users to contribute to the platform's liquidity pool, ensuring efficient and smooth trading for all users.

How does Hyper Liquid's decentralized exchange (DEX) compare to centralized exchanges like Binance?

Hyper Liquid's DEX offers the same level of efficiency and transaction speed as centralized exchanges like Binance, but with the added advantage of decentralization. It uses a Layer 1 blockchain and custom consensus mechanisms to maintain fast trading with low latency, while also eliminating the risks associated with centralized control and custody.

What are the challenges Hyper Liquid has faced in its early stages?

In its early phases, Hyper Liquid faced challenges related to liquidity during periods of market volatility, which led to liquidations and network congestion. Additionally, the platform initially had concerns about centralization, as it relied on just four colocated validators. These issues have been addressed, and the team is working towards greater decentralization with more global validators.

What is the upcoming **Hype** token and how will it function on the platform?

The **Hype** token is Hyper Liquid’s native cryptocurrency, expected to launch soon. It will be used for staking, governance, and possibly generating passive income. Users will be able to stake their tokens to participate in platform governance and validator selection, supporting the network's decentralization and overall growth.

How is Hyper Liquid working to decentralize its network?

Hyper Liquid initially had a more centralized structure with only four colocated validators, which allowed for faster transactions. However, the team plans to scale the network by adding over 40 validators distributed globally. This will enhance decentralization while maintaining the platform's high performance.

What is **Builder Codes** and how does it benefit developers on Hyper Liquid?

**Builder Codes** is a new feature that allows developers to build decentralized applications (dApps) directly on Hyper Liquid's platform. It provides developers with access to the liquidity pool, removing the need to source liquidity from other platforms. This feature is compared to **Amazon Web Services (AWS)** for liquidity, allowing developers to focus on creating superior applications without worrying about liquidity issues.

What is the future potential of Hyper Liquid in the broader DeFi ecosystem?

Hyper Liquid’s future potential in the DeFi ecosystem is significant. With its high scalability, low-latency performance, and focus on decentralization, it has the potential to become a dominant player in decentralized trading. The upcoming token launch, staking opportunities, and growing developer ecosystem could drive further adoption and position Hyper Liquid as a key player in the evolving DeFi space.