HY
Hyperliquid
Hyperliquid is a perpetual futures DEX that feels closer to Binance than to Uniswap. It runs on its own high-speed chain with a real onchain order book, sub-second fills, and no gas on each trade once you are bridged in. Self-custody wallet trading, deep BTC/ETH books, high leverage. HYPE is the ecosystem token for fees and staking discounts. Best onchain perps venue for active traders in 2026. Not for beginners. Validator concentration and liquidation risk are the real costs of that speed.