Hyperliquid (HYPE): D-Score 26/100 — Centralized Leaning BlockIndex D-Score: 26/100 (Centralized Leaning). Hyperliquid (HYPE) is a Layer 1 cryptocurrency using BFT consensus. Hyperliquid: EVM-compatible Layer‑1 for on‑chain perpetuals with HyperBFT consensus, sub‑second finality and native clearinghouse features. Source: https://blockindex.ai/coin/hype · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 26: Node distribution: 0: Initial distribution: 0: Governance: 16: Age and history: 5: Autonomy: 5: Key facts - Layer: Layer 1 - Consensus: BFT (Other) - Launch: Other (2025) - Founder: Information not available - VC funded: No - Max supply: 953,857,768 - Circulating: 253,302,563 (26.6%) Market data (as of 2026-06-19) - Price: $66.73 - Market cap: $16.9B - 24h volume: $1.13B - 24h change: -4.13% · 7d change: +14.59% About Hyperliquid (HYPE) is presented in the provided materials as a performance-first, derivatives-oriented Layer-1 blockchain designed specifically for decentralized perpetual futures and advanced DeFi primitives. The project positions itself as a native L1 with EVM compatibility and a validator-set consensus named HyperBFT, aimed at delivering sub-second finality and a deterministic on-chain order book for leveraged perpetuals. Hyperliquid’s core mission is to enable transparent, permissionless derivatives trading on-chain by combining native protocol primitives (on-chain matching, clearinghouse, vaults for copy trading, funding mechanisms) with an EVM bridge to facilitate interoperability. The project is described across source materials as self-funded, built by a team of alumni from prominent universities and industry firms, and focused on security, throughput and on-chain transparency for market participants. At the technical level, Hyperliquid is defined by its bespoke HyperBFT consensus (a validator-set BFT-style protocol) and integrated EVM compatibility. The network architecture emphasizes instant finality (sub-second) and a low-latency execution environment that supports a fully on-chain order book and matching engine for perpetual markets. The provided documents highlight a validator-protected EVM bridge that requires a two-thirds approval threshold for cross-chain deposits and withdrawals, reflecting emphasis on bridge security for cross-chain asset movement. Unique technical features called out in the materials include system contracts to support native clearing/settlement logic, on-chain vaults for copy-trading strategies, a native clearinghouse and funding rate mechanisms, and product-level choices—such as zero gas fees for native perpetual trades—designed to attract high-volume traders and market makers. The combination of an L1 execution environment with specialized derivatives primitives differentiates Hyperliquid from typical L2 rollups or off-chain orderbook exchanges. From a use-case and ecosystem perspective, Hyperliquid is positioned to serve professional traders, liquidity providers and DeFi-native derivatives users who require high throughput, low-latency execution and transparent on-chain settlement. The native HYPE asset is used as protocol currency and for staking/validation purposes on the L1; tokenomics snapshots in the provided material show a max supply of approximately 999.53M HYPE and a circulating supply in the ~336.7M HYPE range (~33.68% circulated in the cited snapshots). Market data excerpts portray substantial liquidity and market adoption—price snapshots in mid-$20s, daily volumes in the low-hundreds-of-millions USD, and multi-billion dollar market caps—underscoring sizable market attention and exchange distribution. The documentation references HIP-1 and HIP-2 asset specifications and ongoing asset deployment activity, which indicate a product roadmap that focuses on expanding tradable asset types and tooling for projects launching assets on Hyperliquid. Tokenomics and economic design in the provided materials are summarized rather than exhaustively documented: supply caps and circulating snapshots are present, but detailed allocation schedules, premine percentages and specific unlock schedules are not included in the supplied excerpts. The sources do reference token unlocks and an airdrop guide in public market pages, but explicit premine / PIP / founder allocation percentages are not included. Governance details are light: the documentation references HIP standards for asset deployments and community engagement, but no explicit DAO structure, founder/CEO assignments or legal entity filings were provided beyond an official site reference (Hyperfoundation). Security posture is emphasized: audits, anti-oracle-manipulation measures and an emphasis on validator approvals for bridge operations are documented as core defenses for the derivatives use case. Development activity and future roadmap items focus on expanding the on-chain derivatives primitives (vaults, clearinghouse, HIP asset rollouts), continued EVM-bridge development and ecosystem integrations with major analytics and exchange venues. The project’s exchange and wallet footprint in the verified ecosystem includes multiple Tier-1 centralized exchanges and mainstream wallets (desktop and browser extensions), supporting broad accessibility for traders and integrators. Missing items in the provided dataset include specific founder names, legal incorporation details, exact mainnet launch date, full node counts, and granular token allocation tables; the documentation recommends consulting the official GitBook and website for the canonical technical and legal disclosures. Links - Website: https://hyperfoundation.org/ - Whitepaper: https://hyperliquid.gitbook.io/hyperliquid-docs - GitHub: https://hyperliquid.gitbook.io/hyperliquid-docs --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore