想像一下，將集中交流的速度與區塊鏈技術的透明度相結合

這正是超級流動提供的。 Hyproligid建立在自己的層1區塊鏈上，是一種分散的永久交換

Imagine combining the speed of centralized exchanges with the transparency of blockchain technology. That’s exactly what Hyperliquid offers. Built on its own Layer-1 blockchain, Hyperliquid is a decentralized perpetual exchange that delivers a high-performance trading platform for crypto enthusiasts.

想像一下，將集中交流的速度與區塊鏈技術的透明度相結合。這正是超流動性提供的。 Hyproliquid建立在其自己的第1層區塊鏈上，是一種分散的永久交換，為加密愛好者提供了高性能交易平台。

It incorporates features like an on-chain order book, lightning-fast transactions, and the innovative HYPE token. In this article, I'll break down how Hyperliquid works, its key features, and the role of the HYPE token in its growing ecosystem.

它結合了一本鏈訂單，閃電般的交易和創新的炒作令牌之類的功能。在本文中，我將分解超流動性的工作原理，其關鍵特徵以及炒作令牌在其不斷增長的生態系統中的作用。

Key highlights:

關鍵亮點：

Understanding Hyperliquid: An overview

理解超流動性：概述

Hyperliquid merges the transparency of blockchain technology with the performance of centralized exchanges. Its architecture is built on a dedicated Layer 1 blockchain, which gives scalability and security while fostering trust among its users.

超流動性將區塊鏈技術的透明度與集中式交流的性能融合在一起。它的體系結構建立在專用的第1層區塊鏈上，該區塊鏈可提供可擴展性和安全性，同時促進用戶之間的信任。

Decentralized perpetual exchange features

分散的永久交換功能

Image source:Artem Podrez

圖像來源：Artem Podrez

Hyperliquid brings features you’d expect from top trading platforms, doing so without sacrificing decentralization. Its design prioritizes both performance and usability. This offers an experience that's both intuitive and efficient.

Hyperliquid帶來了您期望的最高交易平台的功能，而無需犧牲權力下放。它的設計優先考慮性能和可用性。這提供了一種既直觀又高效的體驗。

Here are the standout features:

這是傑出的功能：

These features allow Hyperliquid to stand out in a crowded market full of great crypto exchanges- it’s appealing to both experienced traders and beginners.

這些功能使超級流動性能夠在擁擠的市場上脫穎而出，充滿了加密交流 - 它吸引了經驗豐富的商人和初學者。

Built on HyperEVM

建立在HypereVM上

At the core of Hyperliquid’s operations is its blockchain backbone, HyperEVM.

超流動性操作的核心是其區塊鍊主鏈HypereVM。

This Ethereum Virtual Machine (EVM)-compatible platform is custom-tailored to support the high-speed, gas-free operations that Hyperliquid is known for. Ultimately, the focus is on having an ecosystem that can keep up with traders' demands.

該以太坊虛擬機（EVM）兼容的平台經過定制，以支持Hyperliquid聞名的高速無氣操作。最終，重點是擁有一個可以跟上交易者需求的生態系統。

Hyperliquid and its unique infrastructure represent a significant move forward for decentralized trading. The unique part is its ability to tackle the inefficiencies of traditional DEXs while providing the speed and performance traders demand.

超流動性及其獨特的基礎設施代表了分散交易的重大轉變。獨特的部分是它能夠解決傳統DEX效率低下的能力，同時提供速度和績效交易者的需求。

Its foundation, HyperEVM, and its user-focused features form a powerhouse combination for anyone entering the crypto market.

它的基礎HypereVM及其以用戶為中心的功能構成了進入加密貨幣市場的任何人的強大組合。

Key functionalities of the Hyperliquid ecosystem

超流動生態系統的關鍵功能

With features fine-tuned to meet the needs of modern traders, Hyperliquid offers a seamless, user-friendly experience. Below, I’ll explore two core components that make the ecosystem so powerful: advanced trading tools and unique vault mechanisms.

通過微調以滿足現代交易者需求的功能，Hyproliquid提供了無縫，用戶友好的體驗。下面，我將探索兩個使生態系統如此強大的核心組件：高級交易工具和獨特的保險庫機制。

Advanced trading tools and order books

高級交易工具和訂單書籍

Image source: Alesia Kozik

圖像護理：天使亞歷山大

Hyperliquid brings incredible precision and efficiency to trading. At its core is an on-chain order book mechanism- a feature that mimics the smooth operation of centralized systems while retaining blockchain transparency. Here's why it’s impressive:

超流動性為交易帶來了令人難以置信的精度和效率。其核心是一種鏈訂單的書籍機制 - 一種功能，該功能模擬了集中式系統的平滑操作，同時保持區塊鏈透明度。這就是為什麼它令人印象深刻的原因：

The platform's order book structure mirrors what you'd find on top-tier centralized exchanges but invites the decentralization-savvy trader into its fold.

該平台的訂單書結構反映了您在頂級集中交易所中發現的內容，但邀請了精通分散的交易者進入其折疊。

Vaults for strategies

策略的金庫

Vaults are a standout feature of the Hyperliquid ecosystem. They bring a collaborative edge to crypto trading. These modular vaults empower traders to create, fund, and share strategies. It makes it simpler for diverse users to participate in advanced trading scenarios.

保險庫是超流動生態系統的出色功能。他們為加密交易帶來了協作優勢。這些模塊化庫使交易者能夠創建，資助和共享策略。這使得多個用戶參與高級交易方案變得更加簡單。

This combination of decentralized funding and trading strategies creates a system where even less experienced traders can benefit from proven methodologies.

分散資金和交易策略的這種結合創造了一個系統，即使經驗較低的交易者可以從可靠的方法論中受益。

Hyperliquid’s balance of high-speed trading mechanics with user-centric collaboration tools shows why it’s quickly becoming a go-to platform for crypto traders worldwide. Its ecosystem not only supports individual transactions but also promotes community-driven prosperity.

Hyperliquid在高速交易機制與以用戶為中心的協作工具的平衡表明了為什麼它很快成為全球加密交易者的首選平台。它的生態系統不僅支持個人交易，還可以促進社區驅動的繁榮。

What is the HYPE token?

什麼是炒作令牌？

The HYPE token is the backbone of the Hyperliquid ecosystem. It provides essential functionality and incentives to users, developers, and stakeholders.

炒作令牌是超液體生態系統的骨幹。它為用戶，開發人員和利益相關者提供了基本功能和激勵措施。

HYPE token plays a multifunctional role, anchoring community rewards, governance, and staking, all of which contribute to the long-term growth and decentralization of the platform.

炒作令牌扮演多功能角色，錨定社區的獎勵，治理和積分，所有這些都促進了平台的長期增長和分權。

Below, I'll explain how the HYPE token is distributed and the benefits it offers through governance and staking.

下面，我將解釋如何分發炒作令牌及其通過治理和積分提供的好處。

Token distribution

令牌分佈

The distribution of HYPE tokens is designed to foster an inclusive, community-driven platform. Through targeting various stakeholder groups, Hyperliquid provides balanced participation and sustainable growth. Here’s how the distribution is typically structured:

炒作令牌的分佈旨在促進一個包容性的，社區驅動的平台。通過針對各種利益相關者群體，Hyproliquid提供了平衡的參與和可持續的增長。這是分佈通常結構化的方式：

This tokenomics model ensures the platform thrives while rewarding active engagement.

這種令牌模型可確保平台在獎勵積極參與的同時蓬勃發展。

Governance and staking

治理和積累

The HYPE token is your ticket to participating in the governance and security of Hyperliquid. When holding and staking HYPE tokens, you become an active contributor to the platform's direction and stability. Here's what you need to know:

炒作令牌是您參加Hyproliquid的治理和安全性的門票。持有和放置炒作令牌時，您將成為平台方向和穩定性的積極貢獻。這是您需要知道的：

Apart from that, Hyperliquid integrates a deflationary model to boost the token's value. A portion of the tokens may be burned during staking to reduce circulation.

除此之外，Hyplliquid還集成了通縮模型以提高令牌的價值。在靜止期間，可能會燃燒一部分令牌以減少循環。

HYPE token holders are part of a dynamic system designed to reward active involvement and promote decentralized governance. By staking and participating in decision-making, you directly contribute to shaping the future of Hyperliquid, while also benefiting from its growing ecosystem.

炒作令牌持有人是一個動態系統的一部分，旨在獎勵積極參與並促進分散治理。通過積累和參與決策，您可以直接為塑造超流動的未來做出貢獻，同時也從其日益增長的生態系統中受益。

Future trends and potential of Hyperliquid

未來的趨勢和超流動的潛力

Hyperliquid has got significant attention in the crypto world with its promising blend of high-speed trading and blockchain transparency.

高流動性的高速交易和區塊鏈透明度的融合，在加密貨幣世界中引起了極大的關注。

The platform’s future potential lies in its growing user adoption

該平台的未來潛力在於其用戶的採用不斷增長