About This Trend
Hyperliquid is a decentralized exchange (DEX) built on a custom Layer-1 blockchain, created by Jeff Yan and Iliensic, to host a flagship futures exchange.
Hyperliquid is trending due to its recent developments and issues, including a potential loss of $230 million due to a short position on the Solana memecoin, JELLY, and the launch of HyperCore and HyperEVM on mainnet to unify DeFi and CEX features.