Hyperliquid: A Fleeting Bloom?

Last year witnessed a peculiar enthusiasm for crypto perpetual futures – “perps,” as the cognoscenti murmur – and within this bubbling cauldron of speculation, Hyperliquid has risen, rather swiftly, to prominence. It has become a favored haunt for those who treat financial markets as a species of high-stakes lepidoptery, a place to pin down volatility with maximal leverage. The appeal, naturally, rests with the risk-seeking investor, the one who finds a peculiar thrill in the dance with potential ruin. It allows for a most elegant form of wagering on the future, unburdened by the tiresome limitations of fixed expiration dates.








