Explore the Hyperliquid L1 ecosystem beyond HYPE. Discover native tokens like PURR and JEFF, HIP token standards, builder codes, and third-party applications.
Hyperliquid is more than a DEX — it's a purpose-built L1 blockchain optimized for financial applications. The ecosystem consists of several interconnected layers:
The native trading engine — order book, matching, settlement, and margin system. Handles perpetuals, spot, and vaults natively on the L1.
An EVM-compatible layer for general-purpose smart contracts. Enables DeFi composability alongside the core trading system.
HYPE (governance/gas), plus ecosystem tokens like PURR and JEFF launched via HIP token standards.
Platforms like Dexly that provide custom trading interfaces, analytics, and features built on top of Hyperliquid.
For details on the HYPE token (gas fees, governance, staking), see our dedicated Governance & HYPE guide.
The Hyperliquid ecosystem has a vibrant community of native tokens beyond HYPE:
The first meme token launched via HIP-1 on Hyperliquid. PURR became a cultural icon for the community, representing the playful, community-driven spirit of the ecosystem. It was airdropped to early Hyperliquid users.
A community token that gained organic traction through Hyperliquid's native launch mechanisms. JEFF represents the grassroots builder culture within the ecosystem.
New tokens are continuously launched via HIP-1, creating a diverse and expanding spot market. Each token trades natively on Hyperliquid with the same sub-second settlement as HYPE.
Hyperliquid has its own token improvement proposals (HIPs) that define how assets work on the L1:
The standard for creating and managing fungible tokens on Hyperliquid L1. Defines token creation, transfers, balances, and spot market listing. Think of it as Hyperliquid's equivalent of ERC-20.
Defines how initial liquidity is bootstrapped for new HIP-1 tokens. Provides a mechanism for fair token launches with transparent on-chain price discovery from day one.
Trade the ecosystem on Dexly
Builder codes are Hyperliquid's mechanism for incentivizing third-party development without adding fees for users.
The Hyperliquid ecosystem includes a growing number of applications beyond trading:
Start exploring Hyperliquid's native tokens and ecosystem through Dexly's optimized trading interface.
Perps, spot, copy & prediction markets in one fast, non-custodial app. Get Dexly on iOS & Android and start in seconds.
Risk Warning: Trading perpetual futures involves significant risk of loss. Only trade with capital you can afford to lose. Dexly is a non-custodial interface; you are responsible for your own funds and trading decisions.
Trade the ecosystem on Dexly
