The Almanack of Hyperliquid
Written by
@paramonoww
"I used to be a hater of Hyperliquid. The first time I started learning about it was at the beginning of 2024, and it didn't click. Just some perp DEX on Arbitrum (like there were dozens of them elsewhere) with heavy centralization issues, closed-source node code, etc."
"This essay is about exactly how Hyperliquid is different, not only from perp DEXes and CEXes, but also from almost every other protocol in this space, and why you should at least get familiar with it."