The Best Steps on How to Bridge to Hyperliquid
In today’s world, direct exchanges of goods and services—akin to the old barter system—still occur but often face challenges like aligning needs and establishing fair value. The advent of digital currencies and blockchain technology has revolutionized commerce, giving rise to peer-to-peer (P2P) platforms that enable seamless, decentralized exchanges without traditional intermediaries.
During this time, we also saw the rise of centralized exchanges (CEXs). Although these platforms offered speed and liquidity, they required trust in centralized entities, exposing users to risks like hacks and outages. In response, decentralized exchanges (DEXs) emerged, leveraging blockchain to enable secure, trustless trading directly from users' wallets.
While early DEXs like Uniswap focused on spot trading, the demand for advanced tools has driven the rise of decentralized perpetual futures (perps) platforms. Hyperliquid is one such DEX that is making a shift towards a more decentralized future of trade.
What is Hyperliquid?
Hyperliquid is a high-performance L1 with a vision of a fully onchain open financial system. It has built a crypto trading exchange with a CeFi-like experience, for transparent onchain orders without compromising end user experience.
The Hyperliquid L1 uses a custom consensus algorithm called HyperBFT which is heavily inspired by Hotstuff and its successors. Both the algorithm and networking stack are optimized from the ground up to support the L1.
What are the unique features of Hyperliquid?
Hyperliquid is a decentralized exchange (DEX) that combines the efficiency of centralized platforms with the transparency of decentralized finance (DeFi). Its advanced features include:
- High-Performance Layer 1 Blockchain: Hyperliquid operates on its own Layer 1 blockchain, with rapid transaction speeds, deep liquidity, and high throughput up to 100,000 orders per second.
- Gasless Trading: You can execute trades on hyperliquid without incurring gas fees. This is especially helpful for high-frequency traders, enhancing their costs.
- On-Chain Order Book: Hyperliquid has a fully on-chain order book, providing deep liquidity, transparency and better user experience.
- Advanced Trading Features: It features an advanced order book with one-click order execution, limit orders, scale, TWAP, etc., for both novice and professional traders.
- Vaults: Hyperliquid provides Vaults, allowing users to automatically mirror the trades of experienced traders, and Protocol Vaults for generating returns through platform activities like market-making and handling liquidations.
- Native Token (HYPE): The HYPE token serves multiple functions, including governance rights, fee payments, and staking rewards, fostering community participation and network security.
- Staking: Hyperliquid has recently enabled staking for all the HYPE holders for enhanced security of the protocol.
deBridge: Your gateway to Hyperliquid
deBridge is the bridge that moves at lightspeed. By removing the bottlenecks and risks of liquidity pools, deBridge enables value and information to flow instantly across the DeFiverse with deep liquidity and guaranteed rates.
Bridges brings all the blockchain ecosystems under one roof, allowing you access to a broader range of services and unlocking opportunities in the chainscape.
How to bridge USDC to Hyperliquid?
Prior to the integration of Hyperliquid with deBridge, users typically relied on services like the Arbitrum Bridge to facilitate the transfer of native USDC to the Arbitrum chain.
Now the best Hyperliquid bridge is the fastest — if you want to deposit USDC to start trading or increase your position size, deBridge provides an instant bridging solution to help you bridge any asset on any chain to USDC on the Arbitrum network.
Let’s see how you can bridge USDC to your Hyperliquid account with low fees:
- Visit https://app.debridge.finance
- Select the source chain and asset you’d like to bridge. Here, we will select Ethereum as the source chain and ETH as the asset.
- Next, select the destination chain and asset you’d like to receive. Here, we will select Hyperliquid (arbitrum network) and it will automatically select USDC on the target chain.
- Connect your EVM wallet as the source and destination.
- Enter the quantity and review the transaction details.
- Confirm trade and sign the ensuing transactions to receive native arbitrum USDC in your Hyperliquid account.