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TEXXR

Chronicles

The story behind the story

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Inside Hyperliquid, a booming DEX for perpetual crypto futures still controlled by a small insider group, raising questions about how decentralized it really is

In just two years, a little-known decentralized exchange built by a small group of engineers has drawn heavyweight investors and billions in trading volume.

Bloomberg Muyao Shen

Discussion

  • @muyaoshen @muyaoshen on x
    One mysterious word keeps popping up at the end of crypto posts on X: Hyperliquid. Its loyal fans talk about it like it's crypto's magic cure-all. But what is Hyperliquid, actually? I unpack it in my latest with @_SidVerma @ChrisNagi1 from @business https://www.bloomberg.com/...