What is HyperCore?

The core of the Hyperliquid blockchain: on-chain order books, perpetual futures, spot trading and margin, running on its own consensus.

HyperCore is where Hyperliquid trading happens: order books, matching, perpetual futures, margin and liquidations are all part of the chain state, not of an off-chain server.

That is why every position, order and trade on Hyperliquid is public and can be read through the API — and why services like HyperScan are possible. Next to HyperCore runs HyperEVM for smart contracts.