#MarketNewHype Hyperliquid (HYPE) is the latest hype in the market, with its current price at $13.54, up 7.56% in the last 24 hours ¹. The cryptocurrency has gained significant attention due to its unique features, such as:

- *Decentralized Perpetual Exchange*: Hyperliquid facilitates direct perpetual futures trading on its native Layer 1 blockchain, eliminating gas fees for transactions ¹.

- *Fully On-Chain Order Book*: Unlike most decentralized exchanges, Hyperliquid has a fully on-chain order book, ensuring greater transparency and security ¹.

- *Custom L1 Blockchain*: Hyperliquid’s proprietary consensus mechanism, HyperBFT, enables fast transaction finality and robust security measures ¹.