Hyperliquid：兼具 CEX 和 DEX 功能的混合交易所

Hyperliquid 是一种永久的未来交易去中心化金融协议，使用权益证明共识机制在第 1 层区块链上运行。

Hyperliquid, a layer-1 perpetual futures DEX, has seen impressive growth since launching in 2023. Operating on a proof-of-stake blockchain, the platform boasts a capacity of 200,000 transactions per second.

Hyperliquid 是第 1 层永续期货 DEX，自 2023 年推出以来取得了令人瞩目的增长。该平台在权益证明区块链上运行，拥有每秒 200,000 笔交易的能力。

Founded by two Harvard graduates with experience in high-frequency trading at HRT and Citadel, Hyperliquid offers advanced orders, up to 50x leverage, access to 20+ underlying assets, and copy trading.

Hyperliquid 由两位在 HRT 和 Citadel 拥有高频交易经验的哈佛大学毕业生创立，提供高级订单、高达 50 倍的杠杆、访问 20 多种标的资产和复制交易。

The platform's unique selling proposition is its ability to function as both a centralized exchange and an on-chain decentralized exchange. This feature has attracted over 1000 users daily since launching.

该平台的独特卖点是它能够同时充当中心化交易所和链上去中心化交易所。该功能自推出以来每天吸引超过1000名用户。

Currently boasting over 220,000 users, Hyperliquid is expected to see further growth with the launch of its native token. The platform generates a substantial trade volume on its DEX, making it likely that top exchanges will soon list the native Hyperliquid token.

Hyperliquid 目前拥有超过 220,000 名用户，预计随着其原生代币的推出，该用户将进一步增长。该平台在其 DEX 上产生了大量交易量，这使得顶级交易所很可能很快就会列出原生 Hyperliquid 代币。

Native Token

原生代币

The Hyperliquid ecosystem's native token is called HYPE, which was recently introduced through a Token Generation Event. LI Staking and Governance within the Hyperliquid network utilize the native token, fulfilling the requirements of a utility token.

Hyperliquid 生态系统的原生代币称为 HYPE，最近通过代币生成活动推出。 Hyperliquid 网络中的 LI 质押和治理利用原生代币，满足实用代币的要求。

310 Million HYPE Tokens Airdropped

3.1 亿枚 HYPE 代币空投

The Hyperliquid Network airdropped 310 million HYPE tokens to qualified community members on November 29.

Hyperliquid Network 于 11 月 29 日向合格的社区成员空投了 3.1 亿个 HYPE 代币。

The TGE launch price for HYPE tokens was $3.90, indicating that the project distributed an incredible $1.2 billion in Hype tokens during the event.

HYPE 代币的 TGE 发行价格为 3.90 美元，这表明该项目在活动期间分发了令人难以置信的 12 亿美元的 Hype 代币。

Hype tokens surged by 63% within 12 hours of launching, reaching a trading price of $6.16 with a market capitalization of nearly $2 billion.

Hype代币上线12小时内飙升63%，交易价格达到6.16美元，市值近20亿美元。

At the time of writing this report, the Hype token trades for $8.81 with a market cap of $2.9 billion.

在撰写本报告时，Hype 代币的交易价格为 8.81 美元，市值为 29 亿美元。

Prospects

前景

From a launch price of $3.90 during its TGE, HYPE has surged to trade for $8.81 at the time of this report. This impressive price increase occurred in less than 7 days, thanks to the platform's dual use case as both an on-chain decentralized and centralized exchange.

HYPE 的发行价从 TGE 期间的 3.90 美元飙升至本报告发布时的 8.81 美元。这一令人印象深刻的价格上涨在不到 7 天的时间内发生，这要归功于该平台作为链上去中心化和中心化交易所的双重用例。

According to community members on the Hyperliquid network, the platform is like "a Binance prototype without KYC, Usernames, and Logins."

根据 Hyperliquid 网络的社区成员的说法，该平台就像“没有 KYC、用户名和登录信息的币安原型”。