Introducing Real-Time Data Streams — Give your infrastructure a direct streaming line to any event happening on Hyperliquid. Read more →

Introducing Real-Time Data Streams — Give your infrastructure a direct streaming line to any event happening on Hyperliquid. Read more →

Order Book

An order book is a list of all open buy and sell orders at every price level on an exchange. Centralized exchanges have always used order books; on-chain venues have mostly stuck to AMMs because maintaining an order book on a public blockchain is hard. Hyperliquid is one of the few chains that runs a full order book on-chain with throughput close to centralized venues.

See also: Liquidity Pool, Market Order, Perpetual Futures.

Build on Hyperliquid with the fastest RPC

Free tier with 2M CU/month. Dedicated endpoints in EU and JP. No code changes from the public RPC.