Hyperliquid is a performant L1 optimized from the ground up. The vision is a fully onchain open financial system with user built applications interfacing with performant native components, all without compromising end user experience. The flagship native application is a fully onchain order book perpetuals exchange, the Hyperliquid DEX. Further developments include a native token standard, spot trading, permissionless liquidity, etc.
The Hyperliquid L1 is custom built around a performant derivatives exchange as the flagship native component. A new season of points was announced on May 29th for users of their L1, following the successful implementation of the native spot tokens standards HIP-1 and HIP-2.
Step-by-Step Guide:
- Head to Hyperliquid and connect your wallet.
- Bridge some USDC to Arbitrum and then deposit.
- Trade spot assets to begin earning points for the L1 season.
- Go to Trade, select instrument then click on Spot to see the assets available to trade.
- The higher the volume traded on spot assets, the more points you’ll likely earn.
- There’s speculation that holding and trading the PURR memecoin (which was launched as a test for Hyperliquid’s L1) could earn you more points.
- The exact formula for earning points is not yet publicly known. You may also want to provide liquidity to the HLP, generate a referral code to invite friends and launch your own spot assets to max qualify.