Layer-1 Crypto Perpetuals
Trade ETH, SOL, AVAX, NEAR, SUI, APT, ATOM and other L1 perpetuals.
Layer-1 blockchains compete on throughput, fees, developer experience, and ecosystem traction. Hyperliquid offers perpetuals on Ethereum, Solana, Avalanche, NEAR, Sui, Aptos, Cosmos, and more, letting you express views on the L1 wars in real time.
All layer 1 perpetuals on Hyperliquid
 Bitcoin BTC | $79,718 | -1.17% | $2.0B | +0.0013% | 40x | Trade |
 Ethereum ETH | $2,263.5 | -0.83% | $734M | +0.0013% | 25x | Trade |
 Solana SOL | $91.18 | -3.74% | $364M | +0.0001% | 20x | Trade |
Hyperliquid HYPE | $39.12 | -3.09% | $193M | +0.0013% | 10x | Trade |
 Sui SUI | $1.21 | -2.59% | $39M | -0.0018% | 10x | Trade |
 NEAR Protocol NEAR | $1.59 | -2.19% | $31M | +0.0013% | 10x | Trade |
BTC BTC | $79,763 | -1.12% | $4.3M | +0.0013% | 40x | Trade |
 Cardano ADA | $0.26489 | -2.55% | $3.6M | -0.0001% | 10x | Trade |
 Avalanche AVAX | $9.79 | -0.72% | $3.4M | +0.0013% | 10x | Trade |
 Polkadot DOT | $1.33 | -0.37% | $2.4M | +0.0005% | 10x | Trade |
 Cosmos ATOM | $2.08 | -2.81% | $1.8M | +0.0013% | 5x | Trade |
ETH ETH | $2,263.5 | -0.93% | $1.5M | +0.0013% | 25x | Trade |
 Aptos APT | $1.05 | -3.14% | $1.4M | -0.0018% | 10x | Trade |
HYPE HYPE | $39.11 | -2.94% | $434k | -0.0020% | 10x | Trade |
SOL SOL | $91.21 | -3.72% | $289k | +0.0013% | 20x | Trade |
SUI SUI | $1.21 | -2.58% | $81k | -0.0058% | 10x | Trade |
ADA ADA | $0.26493 | -2.20% | $6.9k | +0.0013% | 10x | Trade |
How layer 1 perpetuals work
When you open a perpetual position you don't take delivery of the underlying asset. You're posting margin against a contract whose price tracks the underlying. Profits and losses are settled in USDC on Hyperliquid as the price moves.
Hyperliquid runs a fully on-chain order book with sub-second matching. Every trade, fill, and funding payment is verifiable on the Hyperliquid L1 chain. There are no off-chain matching engines, no withdrawal queues, and no custodian holding your funds.
Liquidiction routes orders through Hyperliquid as a builder code, which means you sign trades from your own wallet and Hyperliquid charges a small builder fee on close. Funding is paid hourly. Liquidations occur if your margin falls below the maintenance threshold.