# Hyperliquid > The Blockchain To House All Finance Hyperliquid is a Layer 1 blockchain built for onchain trading. It runs fully onchain perpetual futures and spot order books alongside an EVM smart contract layer, letting users trade crypto and other markets without intermediaries. Hyperliquid is a Layer 1 blockchain built for onchain finance, with fully onchain perpetual futures and spot order books at its core. Users trade crypto, commodities, indices, FX, and other real-world asset markets from one account, around the clock and without intermediaries. The network is community owned, and HYPE holders govern and secure it. The chain is secured by HyperBFT, a proof-of-stake consensus in which validators produce blocks in proportion to staked HYPE. Its state is split between HyperCore, which holds the margin and matching engines so every order, cancel, trade, and liquidation settles onchain with one-block finality, and the HyperEVM, a general-purpose smart contract layer that can use HyperCore liquidity as building blocks. The Hyperliquid exchange is the flagship application on HyperCore, and developers deploy Ethereum-compatible applications on the HyperEVM, where HYPE is the gas token. HYPE is also staked with validators for rewards and used to govern the network. Hyperliquid is used by traders, market makers, developers, and validators. - Type: Company - Sector: Finance - Status: Active - Founded: 2022-05-01 - Profile: https://thegrid.id/profiles/hyperliquid ## Products - [Hyperliquid Decentralized Exchange ](https://thegrid.id/profiles/hyperliquid): The Hyperliquid exchange runs on HyperCore, offering perpetual futures and spot trading on fully onchain order books where every order, cancel, trade, and liquidation settles with one-block finality. A single account trades crypto alongside commodities, indices, FX, and other real-world asset markets around the clock. Low end-to-end latency lets automated strategies move over from other venues with few changes. (Decentralized Derivative Exchange, Live, Main Product) - [Hyperliquid L1](https://thegrid.id/profiles/hyperliquid): Hyperliquid L1 is a proof-of-stake blockchain secured by HyperBFT consensus, with validators producing blocks in proportion to the HYPE staked to them. Its state is split between HyperCore, the onchain margin and matching engine for perpetual and spot order books, and the HyperEVM smart contract layer, both with one-block finality. The network is built for high order throughput, and its consensus can scale further as execution improves. (L1, Live) - [HyperEVM](https://thegrid.id/profiles/hyperliquid): HyperEVM is the Ethereum-compatible smart contract layer of Hyperliquid, made of EVM blocks built within Hyperliquid's execution and secured by HyperBFT consensus. HYPE is its native gas token, and both base and priority fees are burned. Contracts can use HyperCore's liquidity and order books as building blocks, and users connect through RPC endpoints since there is no official frontend. (L1, Live) ## Assets - [Hyperliquid (HYPE)](https://thegrid.id/profiles/hyperliquid): HYPE is the native token of Hyperliquid, used to pay gas on the HyperEVM, to stake with the validators that secure the network through HyperBFT consensus, and to govern the network. Staked HYPE is locked with a validator for a short period and earns rewards from a future emissions reserve at a rate that falls as total stake rises. Unstaking goes through a waiting period before HYPE returns to a user's spot balance. (Native) ## Links - [Main](https://hyperfoundation.org) - [Documentation](https://hyperliquid.gitbook.io/hyperliquid-docs) - [Blog](https://hyperliquid.medium.com) - [Media Kit/branding](https://hyperliquid.gitbook.io/hyperliquid-docs/brand-kit) - [Twitter / X](https://x.com/hyperliquidX) - [Discord](https://discord.com/invite/hyperliquid) - [Telegram](https://t.me/hyperliquid_announcements) - [GitHub](https://github.com/hyperliquid-dex) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. 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