Hyperliquid is a decentralized crypto exchange specializing in perpetual crypto futures

Quotes that support claims

Hyperliquid is a Layer 1 blockchain built to support on-chain financial applications, using a custom HyperBFT consensus for sub-second block times. Its main application, the Hyperliquid DEX, is a decentralized perpetuals exchange with an on-chain order book.

Hyperliquid is a decentralized perpetuals exchange that actually functions like a centralized one, minus the soul-sucking KYC, but with all the speed and execution traders pretend they get on-chain elsewhere.

Hyperliquid is a decentralized exchange, traders were able to easily uncover his wallet address and scrutinize his trading activity.