Hyperliquid was launched as a decentralized perpetual exchange with the goal of offering fast, efficient, and transparent crypto derivatives trading. The platform was designed to address common issues faced by centralized and decentralized exchanges, such as latency, slippage, and high fees. Since its inception, Hyperliquid has focused on building a user-friendly interface with robust infrastructure to attract both professional traders and DeFi enthusiasts. The HLP token was introduced to support the platform’s growth, offering utility for trading, governance, and staking within the Hyperliquid ecosystem.