想象一下，将集中交流的速度与区块链技术的透明度相结合

这正是超级流动提供的。 Hyproligid建立在自己的层1区块链上，是一种分散的永久交换

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.

想象一下，将集中交流的速度与区块链技术的透明度相结合。这正是超流动性提供的。 Hyproliquid建立在其自己的第1层区块链上，是一种分散的永久交换，为加密爱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.

它结合了一本链订单，闪电般的交易和创新的炒作令牌之类的功能。在本文中，我将分解超流动性的工作原理，其关键特征以及炒作令牌在其不断增长的生态系统中的作用。

Key highlights:

关键亮点：

Understanding Hyperliquid: An overview

理解超流动性：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.

超流动性将区块链技术的透明度与集中式交流的性能融合在一起。它的体系结构建立在专用的第1层区块链上，该区块链可提供可扩展性和安全性，同时促进用户之间的信任。

Decentralized perpetual exchange features

分散的永久交换功能

Image source:Artem Podrez

图像来源：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带来了您期望的最高交易平台的功能，而无需牺牲权力下放。它的设计优先考虑性能和可用性。这提供了一种既直观又高效的体验。

Here are the standout features:

这是杰出的功能：

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.

这些功能使超级流动性能够在拥挤的市场上脱颖而出，充满了加密交流 - 它吸引了经验丰富的商人和初学者。

Built on HyperEVM

建立在HypereVM上

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

超流动性操作的核心是其区块链主链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.

该以太坊虚拟机（EVM）兼容的平台经过定制，以支持Hyperliquid闻名的高速无气操作。最终，重点是拥有一个可以跟上交易者需求的生态系统。

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.

超流动性及其独特的基础设施代表了分散交易的重大转变。独特的部分是它能够解决传统DEX效率低下的能力，同时提供速度和绩效交易者的需求。

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

它的基础HypereVM及其以用户为中心的功能构成了进入加密货币市场的任何人的强大组合。

Key functionalities of the Hyperliquid ecosystem

超流动生态系统的关键功能

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.

通过微调以满足现代交易者需求的功能，Hyproliquid提供了无缝，用户友好的体验。下面，我将探索两个使生态系统如此强大的核心组件：高级交易工具和独特的保险库机制。

Advanced trading tools and order books

高级交易工具和订单书籍

Image source: Alesia Kozik

图像护理：天使亚历山大

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:

超流动性为交易带来了令人难以置信的精度和效率。其核心是一种链订单的书籍机制 - 一种功能，该功能模拟了集中式系统的平滑操作，同时保持区块链透明度。这就是为什么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.

该平台的订单书结构反映了您在顶级集中交易所中发现的内容，但邀请了精通分散的交易者进入其折叠。

Vaults for strategies

策略的金库

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.

保险库是超流动生态系统的出色功能。他们为加密交易带来了协作优势。这些模块化库使交易者能够创建，资助和共享策略。这使得多个用户参与高级交易方案变得更加简单。

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

分散资金和交易策略的这种结合创造了一个系统，即使经验较低的交易者可以从可靠的方法论中受益。

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在高速交易机制与以用户为中心的协作工具的平衡表明了为什么它很快成为全球加密交易者的首选平台。它的生态系统不仅支持个人交易，还可以促进社区驱动的繁荣。

What is the HYPE token?

什么是炒作令牌？

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

炒作令牌是超液体生态系统的骨干。它为用户，开发人员和利益相关者提供了基本功能和激励措施。

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，锚定社区的奖励，治理和积分，所有这些都促进了平台的长期增长和分权。

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

下面，我将解释如何分发炒作令牌及其通过治理和积分提供的好处。

Token distribution

令牌分布

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:

炒作令牌的分布旨在促进一个包容性的，社区驱动的平台。通过针对各种利益相关者群体，Hyproliquid提供了平衡的参与和可持续的增长。这是分布通常结构化的方式：

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

这种令牌模型可确保平台在奖励积极参与的同时蓬勃发展。

Governance and staking

治理和积累

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:

炒作令牌是您参加Hyproliquid的治理和安全性的门票。持有和放置炒作令牌时，您将成为平台方向和稳定性的积极贡献。这是您需要知道的：

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还集成了通缩模型以提高令牌的价值。在静止期间，可能会燃烧一部分令牌以减少循环。

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个动态系统的一部分，旨在奖励积极参与并促进分散治理。通过积累和参与决策，您可以直接为塑造超流动的未来做出贡献，同时也从其日益增长的生态系统中受益。

Future trends and potential of Hyperliquid

未来的趋势和超流动的潜力

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

高流动性的高速交易和区块链透明度的融合，在加密货币世界中引起了极大的关注。

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

该平台的未来潜力在于其用户的采用不断增长