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Inside Hyperliquid's Onchain Perp DEX Vision | Jeff Yan

0xResearch

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Evolution of Onchain Decentralized Exchange and Consensus Mechanism

The chapter traces the journey of transitioning from centralized exchanges to creating an onchain decentralized exchange that can scale to compete with centralized exchanges, discussing the project evolution, community involvement, and empowering users to build products on the platform, while maintaining everything on chain. It also explores the evolution of the consensus mechanism used by Hyperliquid's Onchain Perp DEX, optimizing it for speed and the vision of running finance fully on chain.

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