{"id":40890449,"date":"2025-01-09T10:49:25","date_gmt":"2025-01-09T05:19:25","guid":{"rendered":"https:\/\/stockviz.biz\/index.php\/?p=40890449"},"modified":"2025-01-09T10:49:25","modified_gmt":"2025-01-09T05:19:25","slug":"the-hyperliquid-dex","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2025\/01\/09\/the-hyperliquid-dex\/","title":{"rendered":"The Hyperliquid DEX"},"content":{"rendered":"\n<p><a href=\"https:\/\/hyperfoundation.org\/\">Hyperliquid<\/a> is probably the most hyped DEX (decentralized exchange) right now. The advantage the CEXs (centralized exchanges) had was in the &#8220;ease-of-use&#8221; area, especially in the on-boarding and trading APIs front. Hyperliquid tries to marry the convenience of a CEX and the benefits of a DEX. <\/p>\n\n\n\n<p>We downloaded their historical order book to check the spreads and depth of popular coins.<\/p>\n\n\n\n<p>BTC, ETH and SOL are a world apart &#8211; tight spreads and deep books.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/github.com\/stockviz\/blog\/blob\/master\/crypto\/hyperliquid\/BTC.daily_range.png?raw=true\" alt=\"\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/github.com\/stockviz\/blog\/blob\/master\/crypto\/hyperliquid\/SOL.daily_range.png?raw=true\" alt=\"\" \/><\/figure>\n\n\n\n<p>However, trading the less popular coins needs some care.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/github.com\/stockviz\/blog\/blob\/master\/crypto\/hyperliquid\/PENDLE.daily_range.png?raw=true\" alt=\"\" \/><\/figure>\n\n\n\n<p>Zooming into the spreads brings out the difference between the top-tier coins (BTC) and the rest (PENDLE).<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/github.com\/stockviz\/blog\/blob\/master\/crypto\/hyperliquid\/BTC.hourly_spreads.png?raw=true\" alt=\"\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/github.com\/stockviz\/blog\/blob\/master\/crypto\/hyperliquid\/PENDLE.hourly_spreads.png?raw=true\" alt=\"\" \/><\/figure>\n\n\n\n<p>The ranges look decent if you are trading a retail-sized book.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyperliquid is probably the most hyped DEX (decentralized exchange) right now. The advantage the CEXs (centralized exchanges) had was in the &#8220;ease-of-use&#8221; area, especially in the on-boarding and trading APIs front. Hyperliquid tries to marry the convenience of a CEX and the benefits of a DEX. We downloaded their historical order book to check the &hellip; <\/p>\n","protected":false},"author":2,"featured_media":2106273,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4053],"tags":[],"class_list":["post-40890449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/40890449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=40890449"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/40890449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media\/2106273"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=40890449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=40890449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=40890449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}