Hyperliquid perps: a trader’s mechanics-first guide to the hype and the limits
Imagine you are a U.S.-based crypto trader: you want the execution speed and order types of a top centralized venue, but you also want the transparency and custody benefits of on-chain trading. You open a decentralized perp DEX, try to place a complex TWAP-scaled order with 10x leverage during a volatile session, and the platform …
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