How to Build Your Perpetual Futures Trading Platform Like Hyperliquid in 2025?

So, you have been watching platforms like Hyperliquid transforming the perpetual futures game! You are amazed by its lightning-fast execution, zero gas fees, deep liquidity, and a user-first experience.

And now you are thinking, “What would it take to build something like that?” That’s amazing, and the number proves it.

According to the Annual Ecosystem Report of 2024, the volume of decentralized exchange derivatives rose to $1.5 trillion in 2024, and perpetual DEX trading jumped from $81 billion in January to $242 billion in December. Based on this, the total DEX derivatives market is estimated to reach $3.48 trillion in 2025.

Considering this, if you are ready to build a next-gen perpetual futures exchange, you are in the right place.

Let’s check it out!

An Overview of Hyperliquid

Hyperliquid is a next-gen decentralized perpetual futures exchange that is designed to offer the performance of a centralized exchange while maintaining full on-chain transparency and user custody. It operates on its own custom Layer 1 blockchain. This allows for ultra-low latency, zero gas fees, and a seamless trading experience.

It is a fully on-chain order book, which delivers high-speed execution, deep liquidity, and full auditability. Traders can access a wide range of perpetual markets with up to 50x leverage, which makes it a serious competitor for both retail and professional traders.

Who was behind Hyperliquid?

The founders of Hyperliquid are Jeff Yan and Iliensinc, who were former classmates from Harvard. They had a team of experts who were from top institutions such as MIT, Citadel, Hudson River Trading, and more.

Unlike many other crypto-based projects, Hyperliquid is completely self-funded. This means that the team has stayed independent of venture capital influence, which has provided them with complete control over the exchange’s direction.

Top Reasons to Create a Perpetual Futures Trading Platform DEX like Hyperliquid

Curious about why you must even think of building a decentralized exchange platform like Hyperliquid? Here are the reasons to consider:

• $320 Daily Volume: Hyperliquid reached a record cumulative monthly volume of nearly $320 billion in July 2025. This represents a 47% month-over-month increase.
• 75% Market Share: Hyperliquid currently holds a consistent market share of over 75% in the decentralized perpetual futures space. Its trading volume now makes up 11.9% of Binance’s derivative markets.
• $7 Billion in TVL: The platform’s Total Value Locked is currently around $7 billion, which indicates a strong capital commitment and trust in the ecosystem.
• Perpetuals Dominate by 90%: Perpetual contracts continue to be the preferred choice in the crypto derivatives market. They account for over 90% of all crypto derivatives trading.

Key Features of Platforms Like Hyperliquid

Now, let’s have a look at the features offered by Hyperliquid that set it apart from other DEXs:

Custom Layer-1 Blockchain

Hyperliquid operates on its unique Layer-1 network. It utilizes the HyperBFT consensus algorithm, which can handle up to 100,000 orders per second. This facilitates rapid transactions with sub-second finality, which plays an important role in real-time trading.

On-Chain Transparent Order Book

Other than most decentralized exchange platforms that depend on off-chain elements, Hyperliquid maintains its order book on-chain. This guarantees that each transaction and order is publicly verifiable, which fosters transparency within the ecosystem.

No Gas Fees

One of the biggest advantages for traders is zero gas fees, which incur just nominal maker (0.01%) and taker (0.035%) charges. This benefits both retail and high-frequency traders and reduces transaction expenses.

High-Leverage Perpetual Trading

Hyperliquid offers leverage of up to 50x on perpetual futures. It enables customers to boost their exposure across more than 130 supported assets. This gives traders an opportunity to do smart trading while leveraging risks.

Single-Click Trade Execution

Hyperliquid is designed for user-friendliness, which facilitates single-click transaction execution. The absence of frequent confirmations facilitates quick responses and boosts overall trading experiences.

Steps to Build a DEX Platform like Hyperliquid

If you are looking to build something similar, here are the steps that will help you develop and launch a DEX that competes with Hyperliquid:

Step 1: Define the Architecture

The first step is to determine the core architecture of your platform. You need to begin by asking yourself: Will your DEX operate on an existing blockchain, such as Ethereum, Solana, or Arbitrum, or will you build using a custom chain?

Well, Hyperliquid uses a non-EVM custom chain that avoids the limitations of Layer 1 congestion and gas fees. This allows for real-time trading experiences without compromising decentralization.

Step 2: Establish the Core Components

A DEX like Hyperliquid consists of several systems, such as a real-time frontend interface, a backend for handling orders and accounts, a high-speed matching engine, and a settlement layer. You need to build out these layers with scalability and security in mind.

Step 3: Choose the Right Tech Stack

Next, you need to select the right technological stack for developing a DEX like Hyperliquid. It is important that you conduct thorough research based on the technological stacks, which include backend, frontend, blockchain layer, and smart contracts. Choosing a reliable tech stack is important for long-term maintainability and performance.

Step 4: Build the Matching Engine

The matching engine is the core of any DEX. It is responsible for matching buy and sell orders efficiently. It should support various order types, such as limit, market, and conditional.

Hyperliquid uses an in-memory matching engine that is optimized for high-frequency trading. You can even implement your engine similarly to that, as it can help achieve the required speed essential for real-time trade matching.

Step 5: Develop Smart Contracts

If you are developing a perpetual futures exchange like Hyperliquid, your smart contracts will need to handle complex financial logic. These contracts must support leverage, margin tracking, liquidations, funding rate payments, and position settlement. If you are also considering using EVM chains, tools such as Hardhat and Foundry can help you build and test your smart contracts.

Step 6: Design the Frontend Interface

The frontend is where users interact with your exchange. Traders expect quick responsiveness, clean data visualization, and easy wallet integration. Your UI should feature real-time order books, trade history, and a user-friendly interface for placing trades. This step is important because a polished UI/UX can play a huge role in retention and churn.

Step 7: Launch a Testnet

Before launching to the public, deploy your Hyperliquid-like platform on a testnet. This allows you to simulate trading, stress test the matching engine, and identify issues in your smart contracts. Once testing is complete, you can then move on to the next step.

Step 8: Deploy to Mainnet & Maintain Liquidity

Now, you are ready to launch on the mainnet. Deploy your smart contracts, connect your frontend, and activate trading. However, your DEX won’t succeed without liquidity. Connect with professional market makers or launch liquidity mining programs to incentivize early users.

Wrapping Up

That’s a wrap for this blog!

Undoubtedly, Hyperliquid has established itself as a leader in the DeFi area. It utilizes advanced order types, lightning-fast execution, and layer-1 infrastructure. It is gaining popularity because of its native token, which is HYPE, which powers governance, staking, and utility.

So, if you are looking to get ahead with developing your perpetual futures trading platform like Hyperliquid, look no further than Technoloader!

As a leading service provider in the field, they can help you build a platform like Hyperliquid to gain a competitive edge in the crypto space. Get in touch with us, and let’s get started on your project!

FAQs

What is a perpetual futures trading platform?

A perpetual futures trading platform allows users to trade derivatives contracts without expiry dates. It offers leveraged trading on crypto assets, with funding rates used to keep contract prices close to spot prices.

How does Hyperliquid work?

Hyperliquid is a decentralized perpetual futures exchange that uses a high-performance order book model with gasless trading, fast execution, and deep liquidity. It operates off-chain while settling trades securely on-chain.

How can I build a perpetual futures exchange like Hyperliquid?

To build a platform like Hyperliquid, you will need:

• A fast matching engine
• Smart contracts for settlement
• Price oracles
• A responsive trading frontend
• Liquidity incentives or market maker integrations

What tech stack is used in perpetual futures platforms?

Most platforms use:

• Frontend: React/Next.js
• Backend: Node.js, Go, or Rust
• Smart Contracts: Solidity (EVM) or custom Layer-2
• Infrastructure: Order books, oracles (e.g. Pyth, Chainlink), ZK tech for scaling

Do I need a license to launch a crypto futures platform?

Yes! In most jurisdictions, you need to have a license. You should consult a legal expert familiar with crypto and financial regulations in your operating region.

How long does it take to build a perpetual futures platform?

It typically takes 4–12 months to build and launch. But it depends on team size, tech choices, and whether you use white-label solutions or build from scratch.