What Is Hyperliquid? A Complete Beginner's Guide
What Hyperliquid is, how HyperCore and HyperEVM work, what you can trade, how fees work, and the main risks for beginners.
Updated 19 Aug 2026 · 11 min read
Independent guides for the Hyperliquid ecosystem
Guide index
Everything we have published on Hyperliquid, trading fees and the HYPE ecosystem. Filter by topic or search — each guide shows when it was last updated.
What Hyperliquid is, how HyperCore and HyperEVM work, what you can trade, how fees work, and the main risks for beginners.
Updated 19 Aug 2026 · 11 min read
17 guides
A balanced Hyperliquid review covering trading, fees, wallet access, security controls, limitations and key risks.
Updated 19 Aug 2026 · 12 min read
How Hyperliquid funding rates work, who pays, the hourly interval, the official formula and how to estimate a position's funding cost.
Updated 21 Aug 2026 · 11 min read
How Hyperliquid liquidation works, including the price formula, mark price, leverage, maintenance margin and cross versus isolated margin.
Updated 23 Aug 2026 · 13 min read
How Hyperliquid leverage works, including market-specific maximum leverage, margin calculations, cross and isolated margin, fees and liquidation risk.
Updated 11 Sept 2026 · 14 min read
What Hyperliquid open interest measures, how it differs from volume and how to read OI alongside price, funding, liquidity and market caps.
Updated 27 Aug 2026 · 13 min read
How the Hyperliquid bridge moves USDC between Arbitrum and HyperCore, including supported routes, deposit minimums, withdrawal fees, timing and risks.
Updated 30 Aug 2026 · 13 min read