What is Hyperliquid? Its own blockchain, the HYPE token and access from Germany

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Hyperliquid ranks 11th with a market value of $18.12 billion and runs its order book on a layer-1 blockchain of its own. What HyperCore, HyperEVM and the HYPE token do, what trading costs, and what applies to access from Germany.Hyperliquid is a trading platform for crypto assets that keeps its order book not on a company server but on its own layer-1 blockchain. Every order, every cancellation, every fill and every liquidation is recorded there as a transaction in a block. The matching token is called HYPE and stood at $81.42 around midday on October 21, 2026, which puts Hyperliquid 11th among all crypto assets with a market value of $18.12 billion. For how the price has moved since, see our Hyperliquid price prediction. This profile answers four questions: what the platform is technically, what the HYPE token does, what trading costs, and what applies to access from Germany. All figures are as of October 21, 2026 and come from Hyperliquid's developer documentation, from the pu...