Decentralized perpetual futures exchange Hyperliquid has gone from being a market maker to one of the biggest crypto projects in the world. Hyperliquid has processed trillions of dollars in volume in its lifespan and is now the third-largest decentralized exchange in crypto—trailing only industry veterans PancakeSwap and Uniswap. It has been the talk of the town in 2025, but what exactly is Hyperliquid? Why do people care so much about it? And how did it grow to be one of the biggest projects in crypto? ...